Nippon Steel traded at 665.70 this Thursday November 5th, increasing 5.60 or 0.85 percent since the previous trading session. Looking back, over the last four weeks, Nippon Steel gained 2.34 percent. Over the last 12 months, its price rose by 12.17 percent. Looking ahead, we forecast Nippon Steel to be priced at 624.59 by the end of this quarter and at 537.88 in one year, according to Trading Economics global macro models projections and analysts expectations.
Nippon Steel Corp is a Japan-based company mainly engaged in the steel manufacturing business, engineering business, chemical & material business and system solution business. The Company operates through four business segments. The Steel Manufacturing segment is engaged in the manufacture and sale of steel bars, steel plates, steel pipes, special steels, steel secondary products and other steel products. The Engineering segment is engaged in the production and sale of industrial equipment and steel structures, the contract of construction work, the processing and recycling of waste, as well as the provision of electricity, gas and heat. The Chemical and Materials segment is engaged in the manufacture and sale of coal chemical products, petrochemical products, electronic materials, carbon fibers, composites and other products. The System Solution segment is engaged in the provision of computer system related engineering consulting services and outsourcing services.