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Nippon Steel seen turning profit abroad on brisk demand

TOKYO -- Nippon Steel & Sumitomo Metal's overseas businesses are picking up thanks to brisk demand in Southeast Asia and North America, helping to offset weakness at home.

The Japanese company is on track to generate a 20 billion yen ($192 million) pretax profit abroad in the current year through March 2017, turning around from a loss of about the same size last fiscal year.

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