Five major steelmakers on Friday revised downward earnings forecasts for the year to March due to decreased profitability springing from flagging demand and product prices.

The five are Nippon Steel Corp., NKK Corp., Sumitomo Metal Industries Ltd., Kawasaki Steel Corp. and Kobe Steel Ltd.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.