TOKYO -- Nippon Steel projected Friday a record 440 billion yen ($4 billion) net loss for the fiscal year ending March 31, down from the previously forecast 40 billion yen profit, as protectionist governments and Asian rivals squeeze the bottom line.
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Nippon Steel faces $4bn loss as China overwhelms market
Industry leader rushes to trim capacity to be competitive
Nippon Steel's Kimitsu works: The steelmaking industry has long been a key component of Japan's manufacturing sector. (Photo by Azusa Kawakami)
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