From this morning’s Nikkei in japan: Japan’s leading steelmakers seen lifting 9-month profit
Some of the points in the article:
- Japan steelmakers, Nippon Steel & Sumitomo Metal and JFE Holdings, likely boosted group pretax profit for the April-December period 6% and 20% on the year
- Growing domestic demand was the primary driving force
- Sales of steel plates for the shipbuilding industry, which is regaining its global competitiveness thanks to the weak yen, have surged
- Falling resource prices also worked in favor of the steelmakers
More at the link