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Japan’s Nippon Steel and Sumitomo Metal announced its net profit fell by 12% in its fiscal year to March but its operating profit grew by 17.1% in fiscal 2014. 

The extraordinary loss at its seamless pipe maker VSB in Brazil which was affiliated hit by slump of oil and gas market. 

The global energy companies have been held the investments since oil prices slide down since last year. 

As predict, the international market will remain week due to the excessive supply of steel products in China and East Asia.

• [Editor:Sophie]