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Japan steelmakers deny pay hikes as trade war saps demand

Nippon Steel, JFE and Kobe Steel freeze base wages for first time in 7 years

Nippon Steel's Kimitsu Works: The steel industry is facing sluggish demand from automakers and other manufacturers as the global economy slows. (Photo by Kotaro Igarashi)

TOKYO -- Japan's top steelmakers will not raise base pay for the first time in seven years as the protracted trade war between the U.S. and China squeezes global demand.

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