Nippon Steel expects profit to drop 43% this year, U.S. Steel decision by early June

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Nippon Steel expects profit to drop 43% this year, U.S. Steel decision by early June

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Nippon Steel expects net profit to slide 43 per cent in the fiscal year ending March 2026, it said on Friday, citing a weak global steel market pressured by China’s exports and the impact of new U.S. tariffs.
Japan’s biggest steel maker also said it expects a U.S. decision on whether to…

This story appeared on theglobeandmail.com, 2025-05-09 11:20:03.