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While other major steelmakers sought to merge, Kobe Steel chose to diversify. (Photo by Ken Kobayashi)
Business

Kobe Steel: A century-old company in big trouble

After pursuing diversification over size, maker faces huge challenge to rebuild

KENTARO IWAMOTO, Nikkei staff writer | Japan

TOKYO -- Kobe Steel, the Japanese company at the center of a huge data falsification scandal, is something of an anomaly in the steel industry due to the scope of its business areas -- steel products account for just over one third of total sales.

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