On the appreciation of the yen and Nippon Steel & Sumikin Chinese excess production deficit

from 3 months until the last month of the largest

steel maker Nippon steel housing money earnings were produced in excess iron and steel products in China as a result, exports from Japan have declined as well, with the appreciation of the yen deteriorated profitability final loss on write-downs and losses.

bonds announced that this year April month of group-wide earnings, sales 1051100000000 yen and compared with the same period of the previous year 16. 9% decrease, the bottom line was a loss of 14600000000 yen. It was adversely affecting the profitability of steel exports from Japan, in addition to this cheap steel products shipped from China followed by excess production for Southeast Asia as a result, exports from Japan have plunged increased appreciation of the yen in the foreign exchange market is a major factor.
also, on the forecast for the year ending March next year, that year, ordinary income 130 billion yen and compared with the previous year 35. Are going to decline 3 percent. Vice-President Rong
Nippon Steel & Sumikin Toshiharu "rises prices on foot settled the overproduction in China, although, once again started to increase. Is the expected overlap appreciation there and drive down profits. Ensure surpluses and building demand for Tokyo Olympic Games the second half and is extremely disappointing "and was talking about.

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