UPDATE 1-Nippon Steel profit up on strong autos demand

Newswire

(Adds background) TOKYO, Jan 30 (Reuters) - Nippon Steel Corp. , the world's second-biggest steel maker, posted a 5 percent gain in nine-month profit amid strong demand from the auto sector but maintained its full-year forecast for a slight fall. Shares in Nippon Steel were down 2 percent at 696 yen after the announcement, retreating from a rally in the morning on news it was considering deepening ties with two small allies, Nakayama Steel Works and Chubu Steel Plate Co. Nippon Steel ...

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