* Nippon cuts 10/11 profit f'cast by 12 pct to Y220 bln * JFE cuts f'cast by 23 pct to Y170 bln, below expectations * Nippon shares fall 2.1 pct, JFE off 3.3 pct * Japan steelmakers hit by higher costs after Aussie floods Adds details, quotes - By Yuko Inoue TOKYO, Jan 28 (Reuters) - Japan's top two steelmakers, Nippon Steel Corp and JFE Holdings Inc, cut their annual earnings forecasts below consensus after surging raw materials costs cast a pall over the industry's profitability. ...
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