Japanese ferrous and non-ferrous metal trader Marubeni Corporation expects its net profit in FY 2022 ending March 31, 2022, to be JPY230bn ($2.1bn).
The company’s copper equity sales volume in FY 2021 (ended Mar 31) was 117,027mt down from 127,006mt in FY 2020. Its sales volume of coking coal used in steelmaking fell to 5.3mn mt in FY 2021 compared to 5.7mn mt in the same period in 2020.
The firm’s net profit in FY 2021 grew to JPY225.3bn compared to JPY197.5bn in FY 2020.
$1 = JPY108.78