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06 Feb
18:27

Nippon Steel sees output, profits recover

Japan’s Nippon Steel returned to profit in the December quarter, earning back some of the losses from earlier in the year. The company has been restarting capacity however in expectation of improved domestic demand, Kallanish notes. In the third quarter of its fiscal 2020 (September-October 2020), Nippon Steel saw non-consolidated crude steel production of 8.47 million tonnes. That was down significantly on-year, but up from 7.45mt the previous quarter. It ex…
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