Nippon Steel to cut capex spending as U.S.-China trade war crimps demand

August 30, 2019 admin Business News Comments Off on Nippon Steel to cut capex spending as U.S.-China trade war crimps demand

Nippon Steel Corp will cut its planned capital expenditures for the three-year period to March 2021 by between 10% and 20% as weaker steel demand amid the U.S.-China trade war has eroded its profits, a company official said on Friday.

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Source:: Reuters – Business News