Nippon Steel's H1 profit up 5.6 pct, keeps outlook

Newswire

TOKYO, Oct 30 (Reuters) - Nippon Steel Corp , the world's No.2 steelmaker, posted a 5.6 percent rise in first-half profit as prices of sheet steel and shipbuilding plates rose, and stuck to its outlook for flat growth. The company, a big contract-based supplier to Toyota Motor Corp and other Japanese manufacturers, reported 284.01 billion yen ($2.48 billion) in pretax recurring profit for the April-September first-half, up from 268.99 billion yen a year earlier. The result was below an ...

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