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Japan's top steelmaker cedes crown to Arcelor as yen soars

Nippon Steel is neck and neck with revitalised Posco in South Korea for second place
Saturday, August 6, 2016 - 05:50

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CHANGING TIMES: The biggest steelmakers in Japan, including Nippon Steel, will have to look for opportunities overseas as the population shrinks and the economy stagnates in a home market they've long dominated. 

Tokyo

JAPAN's biggest steelmaker is top of the pile no more, as a resurgent yen hands a competitive advantage to overseas rivals amid an unprecedented global glut.

Nippon Steel & Sumitomo Metal Corp has been overtaken as the world's most valuable producer by Europe's

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