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Nippon Steel sees H1 profits fall by 89%
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Nippon Steel, the largest steelmaker in Japan predicted that its sales profits would decrease by 89% in the first half of the current fiscal year during April through September.
The company said that the weak global economy has depressed the demand for steel products from automobile and construction industries.
Nippon Steel forecasted its first half sales profits before tax would be at ￥10 billion, lower than ￥94.2 billion in the same period of a year earlier.
News Date
8/1/2012 2:57:33 PM
reported by
Nann Cheng
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