WRAPUP 2-Steel firms see price pressures as China ups output

Newswire

* Nippon Stl raises FY recurring forecast to Y20 bln * New profit forecast above consensus of 13.5 bln yen * Baosteel Q3 profit up 6.7 pct, cautious on Q4 * Sumitomo Metal, Kobe Steel post H1 losses (Adds China's Baosteel results, comments) By Yuko Inoue TOKYO, Oct 29 (Reuters) - Nippon Steel Corp and China's Baosteel , the world's No.2 and No.3 steelmakers, warned of pressure on prices from China ramping up output, even as signs of improved demand bolstered their quarterly ...

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