Nippon Steel posts loss of 113.4 billion yen for six months through September

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.