In Japan, Nippon Steel & Sumitomo Metal Corporation (NSSMC) (TSE: 5401) and JFE Holdings (TSE: 5411), however, were greatly affected by market volatility and the overall decline in global steel demand. Share prices of both companies declined 9.89% and 2.77%, closing at ¥1,973.5 (US$19.74) and ¥1,439 (US$14.39), respectively, on August 12.
Note: Currency exchange rates as of August 12, 2016
US$1 = ¥101.01; RMB6.6324; Rs66.82
Source: Federal Reserve Bank of New York