Nippon Steel raises 07/08 net profit estimate

TOKYO, Sept 6 (Reuters) - Nippon Steel Corp raised its full-year net profit forecast to 365 billion yen ($3.16 billion) on Thursday and said it would pay a higher first-half dividend after Japanese carmakers agreed to pay more for its sheet steel.

The world's second-biggest steel maker, the biggest beneficiary of strong worldwide sales of Japanese cars, had said in April it expected 350 billion yen in net profit for the business year ending in March 2008.

In revised ...