UPDATE 3-Nippon Steel to invest $230 mln, up high-end output

Newswire

(Adds share price, clarifies analyst comment in last paragraph) TOKYO, Aug 15 (Reuters) - Top Japanese steel maker Nippon Steel Corp. said on Monday it would spend $230 million this year to raise its output of high-end metal, installing the firm's first new line for semi-finished products in eight years. The investment by the world's third-biggest steel maker is in line with its strategy of shifting to high-quality products and raising profitability as demand for such steel from domestic ...

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