Nippon steel's Q1 profit falls amid costs
Nippon Steel, the world's third-largest steelmaker, said first-quarter profit fell 18 per cent amid higher iron ore costs and lower export prices.
By PTI |
TOKYO: Nippon Steel, the world's third-largest steelmaker, said first-quarter profit fell 18 per cent amid higher iron ore costs and lower export prices.
Higher raw material prices and declining prices have cut profits of Asian steelmakers, including JFE Holdings and Posco, amid a glut of exports from China.
Demand for Japanese steel products is forecast by the government to gain this quarter and exports rose 11 per cent last month.
Higher raw material prices and declining prices have cut profits of Asian steelmakers, including JFE Holdings and Posco, amid a glut of exports from China.
Demand for Japanese steel products is forecast by the government to gain this quarter and exports rose 11 per cent last month.
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