Shares of Nippon Steel Co. (OTCMKTS:NISTF – Get Free Report) dropped 1.3% during trading on Tuesday . The stock traded as low as $4.25 and last traded at $4.2750. Approximately 2,597 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 17,620 shares. The stock had previously closed at $4.33.
Nippon Steel Trading Down 1.3%
The business’s 50 day moving average price is $4.06 and its 200-day moving average price is $10.66.
About Nippon Steel
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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