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Kobe Steel Ltd (5406.T)

5406.T on Tokyo Stock Exchange

1,079JPY
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Tue, Nov 1 2016

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In surprise move, Japan's Nippon Steel retains annual profit outlook

TOKYO Nippon Steel & Sumitomo Metal Corp posted a plunge in profits for the six months to September, but the top steelmaker of Japan defied estimates by retaining its annual outlook at a time when higher raw material costs have led to a cut by others.

In surprise move, Japan's Nippon Steel retains annual profit outlook

* Nippon Steel expects to pass on surging coal costs to customers

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