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Nippon Steel warns of full year loss after $1.3 billion Q1 shortfall

Summary by Reuters
Nippon Steel revised on Friday its forecast for the full fiscal year to a 40 billion yen ($266 million) loss from 200 billion yen profit previously, partly due to costs related to its acquisition of U.S. Steel.

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The Japanese steelmaker achieved revenues of 2 trillion yen (US$13.3 billion) between April and June, a drop of 8.3% year-on-year.

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読売新聞オンライン broke the news in Japan on Friday, August 1, 2025.
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