Nippon Steel Corp’s 5401.T annual profit may beat the company’s recent sharply upgraded forecast, a senior executive indicated to Reuters, as steel prices outside Japan continue to rally on strong demand while iron ore prices have plunged. Earlier this month, the world’s fifth-biggest steelmaker raised its annual profit guidance by 54% as solid global demand …

The post Nippon Steel indicates profit could top latest forecast first appeared on Hellenic Shipping News Worldwide. Source