Rising iron ore costs hit Nippon Steel
Nippon Steel, the world’s second biggest steelmaker, yesterday reported a 13 per cent drop in quarterly profit due to a rise in the cost of iron ore and other raw materials.
The weak result for the third quarter highlighted the growing cost pressure being felt especially by Japanese producers as a result of booming demand for commodities in China.
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Posted: January 29th, 2008 under Steel News.
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