TWO JAPANESE STEELMAKERS TO CUT CAPITAL SPENDING

  Nippon Steel Corp &lt;NSTC.TOK> said it will
  cut its capital spending by 36.4 pct to 105 billion yen in the
  year starting April 1 from a year earlier due to the
  postponement of furnace improvements.
      &lt;Nisshin Steel Co Ltd> said it will spend 10.7 billion yen
  in 1987/88 for rationalisation and facility improvements, down
  from 32.1 billion a year earlier, after completion of large
  construction projects in 1986/87.
      But capital spending by Nippon Kokan K.K. &lt;NKKT.TOK> to
  improve and increase its production facilities will rise to
  94.90 billion yen from 64 billion, the company said.
  

