trending Market Intelligence /marketintelligence/en/news-insights/trending/M3xp2tCDkqMVYTzCNQ-lPg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Kobe Steel says 500 companies received products with false quality data

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020


Kobe Steel says 500 companies received products with false quality data

Kobe Steel Ltd. said about 500 companies had been affected by false quality certification data for its aluminum, copper, iron powder and steel products, and company CEO Hiroya Kawasaki said it would pay any costs, Reuters reported.

Boeing, the world's biggest maker of passenger jets, received some of the falsely certified products, Reuters also confirmed, citing a source with knowledge of the matter.

The latest admission by Kobe Steel sent the shares of the discredited company plummeting again after they had stabilized Oct. 12. They closed 8.73% lower Oct. 13, at ¥805 per share, down 40% in the week.

As of Oct. 12, US$1 was equivalent to ¥112.30.