Nippon Steel profit down, sticks to U.S. Steel plan

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Published May 9, 2024

Nippon Steel posted a 20.8% decline in net profit for the year ended March. Japan's biggest steelmaker was hit by losses at inactive facilities. However, the profit of $3.53 billion substantially beat analyst estimates.

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Nippon Steel profit down, sticks to U.S. Steel plan | REUTERS

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