Shanghai cautions on products from scandal-hit Kobe Steel, tightens checks [Reuters]
KOBE STEEL SPON ADR (KBSTY)
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Source: Reuters
Shanghai cautions on products from scandal-hit Kobe Steel, tightens checks | Reuters Reuters Staff 2 Min Read SHANGHAI (Reuters) - Shanghai has issued a warning on the safety of metal products manufactured by scandal-hit Japanese firm Kobe Steel Ltd ( 5406.T ) and strengthened scrutiny measures, state-owned Xinhua News Agency reported, citing the city’s inspection body. Japan’s No.3 steelmaker, which supplies the makers of cars, planes and trains across the world, said in October that about 500 of its customers had received products with falsified specifications. The producer’s quality certifications at some domestic plants have already been suspended. According to the Xinhua report, Kobe shipped in 451,000 tonnes of metal products to China through its Shanghai units over September 2016 to August 2017. Of that, data on 1,420 tonnes of aluminum sheet and 116 tonnes of copper sheet had been tampered, it added, citing the Shanghai Entry-Exit Inspection and Quarantine Bureau. While Kobe
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