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Nippon Steel & Sumitomo Metal cuts profit outlook

2015-01-29 08:28:31| Steel - Topix.net

Nippon Steel & Sumitomo Metal Corp. said Thursday that it cut its net profit forecast for this fiscal year, citing a Y68.6 billion extraordinary loss at an affiliate in Brazil. The Japanese steelmaker lowered its net profit view for the year ending March 31 by Y70 billion to Y180 billion.

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