Nippon Steel lowers profit forecast but accelerates U.S. Steel acquisition efforts

news.mynavi.jp (Japanese)

Nippon Steel revised its operating profit forecast down by 60 billion yen due to weak demand and low-priced exports. The company cited sluggish base demand, cheap Chinese steel exports, and a facility issue at its Muroran plant as reasons for the adjustment. Nippon Steel is accelerating efforts to boost profits from its acquisition of U.S. Steel, despite current market uncertainties.


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Nippon Steel lowers profit forecast but accelerates U.S. Steel acquisition efforts | News Minimalist