Nippon Steel 9-mth profit falls, cuts outlook

Newswire

TOKYO, Jan 29 (Reuters) - Nippon Steel Corp reported a 5.6 percent drop in nine-month profit as a slump in car sales hit its mainstay autosheet steel business, and it cut its profit outlook for this year by 35.7 percent. Nippon Steel, the world's No.2 steelmaker after ArcelorMittal , said April-December profit was 410.43 billion yen ($4.56 billion) down from 434.67 billion yen a year earlier. It forecast a 360 billion yen profit for the year to the end of March, down from an earlier ...

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