UPDATE 3-Nippon Steel slashes outlook, sees Q4 loss

Newswire

* Cuts 2008/09 profit forecast 36 pct to 360 bln yen * Sees January-March loss of 50.43 bln yen * Shares close flat after results; Nikkei up 1.8 pct (Adds US Steel, other mills' earnings, comments) By Yuko Inoue TOKYO, Jan 29 (Reuters) - Nippon Steel Corp , the world's No.2 steelmaker, cut its profit outlook for this year by a surprise 36 percent and said it would tumble to a loss in the current quarter as a slump in car sales hits its key autosheet business, while demand has slowed ...

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