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<i> Times Staff and Wire Reports</i>
Kobe Steel Expects Huge Loss: The nation’s No. 5 steel producer said it will lose $1.13 billion in the fiscal year ending March 31 after sustaining $1.45 billion in damages from the earthquake that rocked Kobe in January. The company suffered $800 million in direct damage to its assets and lost $650 million due to disruptions in production, sales and shipments.
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