Nippon Steel posts Q1 profit, f'cast below consensus

Newswire

TOKYO, July 28 (Reuters) - Nippon Steel Corp , the world's fourth-biggest steelmaker, returned to profit in April-June but gave a full-year outlook well below market consensus as slowing growth in China threatens prices and margins. The company posted 61.89 billion yen ($705 million) in April-June recurring profit -- before tax and one-offs -- reversing a 56.7 billion yen loss a year earlier. Nippon Steel, which plans an automotive sheet venture with India's Tata Steel Ltd , predicted ...

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