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
Sat, Aug 06, 2016 - 5:50 AM
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.
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...