Japan's largest steel maker Nippon Steel said that the expected first half of fiscal year (April-September) profit fell 89 percent, and below market expectations, due to the weak global economy suppressed demand for metals used in automotive and construction.
 
Nippon Steel is expected to half of the fiscal year recurring profit, or pre-tax and excluding special items, profit of 10 billion yen (1.2718 billion U.S. dollars), lower than the 94.2 billion yen a year earlier.



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