UPDATE 4-Nippon Steel, JFE report strong Q1 profit gains


(Adds POSCO, Sumitomo Metal forecasts) By Yuk-o Inoue TOKYO, July 30 (Reuters) - Nippon Steel Corp. and JFE Holdings Inc. on Monday booked strong quarterly profits on higher prices, raising prospects Japan's top two steel makers' earnings could gain further momentum this year. But high raw materials and depreciation costs look to limit growth at Sumitomo Metal Industries Ltd. and Kobe Steel Ltd. , which rely less on booming car sheet production than the bigger two rivals. South ...

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