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Stock impact report

Japan transport ministry considering checks of cars, trains using Kobe Steel products: Kyodo 11:30pm EDT [Reuters]

KOBE STEEL SPON ADR (KBSTY) 
NASDAQ:AMEX Investor Relations: kobelco.co.jp/english/ir
Company Research Source: Reuters
Japan transport ministry considering checks of cars, trains using Kobe Steel products: Kyodo | Reuters Reuters Staff 1 Min Read TOKYO (Reuters) - Japan’s transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel Ltd, Kyodo reported on Thursday. With the data falsification scandal at Japan’s No. 3 steelmaker affecting a wide range of manufacturers, the Ministry of Land, Infrastructure, Transport and Tourism has decided to consider countermeasures that go further than its previous call for manufacturers to check the safety of affected products, Kyodo said without citing sources. The ministry was not immediately available to comment. This week, Europe’s aviation regulator advised aircraft manufacturers to stop using parts supplied by Kobe Steel until their safety can be verified, an escalation of a crisis that has sent shockwaves along global supply chains. Reporting by Sam Nussey; Editing by Chr Show less Read more
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