Nippon Steel cuts outlook, Aussie flood ups coal cost

Newswire

TOKYO, Jan 28 (Reuters) - Japan's Nippon Steel Corp , the world's No.4 steelmaker, returned to profit in the nine months to December, but cut its full-year profit outlook by 12 percent after floods in Australia forced it to buy costlier coal on the spot market. Nippon Steel, which supplies Japan's big manufacturers such as Toyota Motor Corp and Panasonic Corp , now sees 220 billion yen ($2.65 billion) in recurring profit -- which is pretax and before special items -- for the year to March ...

Premium Content (PAID Subscription Required)

"Nippon Steel cuts outlook, Aussie flood ups coal cost" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×