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28 Jul
22:05

NSSMC posts first quarter loss

Japan's Nippon Steel and Sumitomo Metals Corporation (NSSMC) posted a loss in its first quarter financial year 2016 results monitored by Kallanish. This was attributable to a below-par performance by its steelmaking and steel fabrication segment over the April to June period. In the second half of its FY16, the company expects an improvement in domestic steel demand in Japan. This will come from the automotive sector and growing demand in the construction se…
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