Reported 18 days ago
Nippon Steel has adjusted its full-year net profit forecast down to 310 billion yen as it confronts challenges like inventory losses and weak domestic demand. The company is eager to finalize its $15 billion acquisition of US Steel before Republican Donald Trump potentially retakes the presidency, which could complicate the deal. Despite the forecast revision, Nippon Steel aims to maintain its dividend target and believes that expanding in the US market is critical for its future growth.
Source: YAHOO