The scandal that has engulfed a steel company Kobe Steel, Ltd., intensified on Wednesday when representatives of the company newly admitted to the possible falsification of the composition in their other products that are commonly used in automotive parts, including brake and steering components, according to Bloomberg.
The third largest steel producer in the country found the data on the composition of the iron ore that did not meet the requirements of the customer, – said the representative of the company Kobe Steel, Ltd. Yoshitsugu Nishimura by telephone, confirming a report in the newspaper ” Yomiuri “. Kobe Steel admitted on Sunday that the employees of several factories for many years, falsified data on the composition of the metals. Recognition is another blow to the reputation and reliability of the Japanese industrial companies.
Shares Of Kobe Steel Ltd. dropped in price today by 20% in Tokyo after a 22 percent decline on Tuesday.
Information-analytical Department Forex club