Nippon Steel Returns to Profit as Yen Weakens, Equities Recover

Nippon Steel Returns to Profit as Yen Weakens, Equities Recover

Robert Gilhooly/Bloomberg

Nippon Steel Corp.'s Kimitsu Works in Kimitsu City, Chiba Prefecture, Japan. The weakening of the yen from a record-high in October has helped restore the competitiveness of Japanese steelmakers as they bid for contracts against South Korean and Chinese rivals.