UPDATE 2-Sumitomo Metal to lift auto-use steel output

Newswire

(Adds analyst comment, background) By Edwina Gibbs TOKYO, Nov 30 (Reuters) - Sumitomo Metal Industries , Japan's No.3 steel maker, plans to spend $243 million to boost production of steel sheet used by car makers by 30 percent to address a supply shortage that is crimping Japanese auto output. Nissan Motor Co. said last week it would suspend some production because it could not procure enough steel, which is in short supply around the world because of demand in China. Sumitomo said ...

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