ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Nippon Steel profit seen jumping 70% in fiscal 2017

Successful price hikes fattening margins

TOKYO -- Nippon Steel & Sumitomo Metal looks on track to log a roughly 70% surge in pretax profit in the year ending March 2018, buoyed by improved market conditions that have made price hikes possible. 

Pretax profit is expected to total some 300 billion yen ($2.69 billion), marking the first growth in three years.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more