Mitsushige Akino Steel Quotations

Nippon Steel will finish strong in both the third quarter and in the full year. A strong domestic market and weak yen has helped the company achieve positive earnings.

The prospects for the steel industry are quite positive, supported by strong demand.

The rises in forecasts for steel makers' first-half profit were as expected and positive. As domestic demand will continue to be strong, there is room for further increases in profit.

The share prices of JFE and Nippon Steel fell after they had risen until Monday. They will not drop so much with the positive forecasts.

Investors expect reports this week will show Japan's recovery from deflation and that's driving domestic demand-related stocks higher. The prospects for the steel industry are quite positive, supported by strong demand.