2 Major Japanese Steelmakers Enjoy Net Profit Surges

2 Major Japanese Steelmakers Enjoy Net Profit Surges

   Tokyo, Aug. 4 (Jiji Press)--Two major Japanese steelmakers enjoyed sharp year-on-year growth in their group net profits in April-June, according to their earnings reports released by Thursday.
   Nippon Steel Corp. <5401> and JFE Holdings Inc. <5411> improved profitability on steel price hikes against a backdrop of rising markets for iron ore, coking coal and other commodities. Appraisal gains on raw materials they hold as inventories also increased.

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