Nippon Steel Forecasts 43 Pct Profit Drop for FY 2025
Tokyo, May 9 (Jiji Press)--Nippon Steel Corp. said Friday that its consolidated net profit for fiscal 2025 is projected to plunge 42.9 pct from the previous year to 200 billion yen, amid U.S. President Donald Trump's tariffs.
Trump's tariffs are "expected to have a tremendous impact on the domestic and overseas steel industries, including indirect effects," Nippon Steel President Tadashi Imai said at a press conference.
(2025/05/10-00:17)
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