Japan steel shares rise on U.S. tariff exemptions

Newswire

TOKYO, Aug 23 (Reuters) - Shares in Japanese steelmakers firmed on Friday a day after the U.S. government exempted another 178 steel products from special tariffs it imposed earlier this year, although analysts said the effect on companies' profits would be negligible. Shares in Japan's top steelmaker, Nippon Steel Corp , ended up 3.59 percent at 173 yen, after surging as high as 178 yen. Third-ranked Kawasaki Steel Corp firmed 1.37 percent to 148 yen. The iron and steel sector subindex ...

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