TOKYO: Nippon Steel, Japan’s biggest steelmaker, on Wednesday posted a loss of 113.4 billion yen ($752 million) for the six months through September, versus a profit of 243.4 billion yen in the same period a year earlier.
Nippon Steel, which closed a $15 billion deal to buy US Steel in June, also revised its forecast for a loss for the fiscal year through March to 60 billion yen versus an earlier guide of 40 billion yen loss for the year.
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