Japan steelmakers likely cut profit f'casts -Nikkei

Newswire

TOKYO, Dec 28 (Reuters) - Japan's Nippon Steel Corp and JFE Holdings Inc will likely cut their operating profit forecasts for this business year as demand from automakers and other customers plunges, the Nikkei business daily said on Sunday. Both companies now face a decline of about 12 percent in group operating profit in the year to March compared to a year earlier, according to the estimates in the Nikkei report. Japanese steelmakers have been hit as key clients Toyota Motor Corp and ...

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