UPDATE 1-Nippon, JFE cut outlooks as floods lift coal prices


* Nippon cuts 10/11 profit f'cast by 12 pct to Y220 bln * JFE cuts f'cast by 23 pct to Y170 bln, below expectations * Shares in Nippon fall 2.4 pct, JFE's slide 4 pct * Japan steelmakers hit by higher costs after Aussie floods (Combines Nippon Steel, JFE results) By Yuko Inoue TOKYO, Jan 28 (Reuters) - Nippon Steel Corp and JFE Holdings Inc , the world's No.4 and No.5 steelmakers, on Friday slashed their full-year profit outlooks after floods in Australia forced them to buy ...

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