Nippon Steel Co. (OTCMKTS:NISTF – Get Free Report) dropped 0.4% on Wednesday . The company traded as low as $3.38 and last traded at $3.4150. Approximately 1,024 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 10,699 shares. The stock had previously closed at $3.43.
Nippon Steel Stock Down 0.4%
The company has a 50 day simple moving average of $3.52 and a 200-day simple moving average of $3.87.
Nippon Steel Company Profile
Nippon Steel (OTCMKTS:NISTF) is one of the world’s leading steel producers, headquartered in Tokyo, Japan. The company traces its roots to the 1970 merger of Fuji Iron & Steel and Yawata Iron & Steel, and later strengthened its global footprint through the 2012 merger with Sumitomo Metal Corporation. With decades of experience in metallurgical engineering, Nippon Steel remains a cornerstone of Japan’s industrial sector.
The company’s core business centers on the production and supply of a broad range of steel products.
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