In glum steel market, Abenomics-inspired Nippon Steel is upbeat

Newswire

* Aims to meet target of cutting Y300 bln assets this year * Steelmaker buoyed by Abenomics, Tokyo Olympic bid * Considers adding plants in North America, Indonesia, India * Oversupply in Asia steel market may last for 10 years By Yuka Obayashi TOKYO, Oct 1 (Reuters) - Nippon Steel & Sumitomo Metal Corp says it is on track to meet a target of shedding 300 billion yen ($3.05 billion) of unwanted assets in the ...

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