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Nippon Steel sees 43% profit fall, says it is cooperating with review of US Steel bid

Summary by Channel News Asia
TOKYO: Nippon Steel on Friday (May 9) forecast a 43 per cent decline in net profit for the current fiscal year amid a deteriorating business environment and increased tariffs in the US, where it said authorities are still reviewing its bid to buy US Steel. Japan's biggest steelmaker estimated profit for th

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Channel News Asia broke the news in Singapore on Friday, May 9, 2025.
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