India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Nippon Steel has revised its full-year forecast, warning of a ¥40 billion loss for fiscal 2025, primarily due to one-time charges linked to its recent acquisition of U.S. Steel.
The Japanese steelmaker completed the $14.9 billion deal in June 2025, following a lengthy regulatory review in the U.S. While the acquisition is expected to bring long-term benefits, the immediate financial impact has been significant. The company posted a first-quarter net loss of ¥195.8 billion, driven by a ¥231.5 billion charge from its divested stake in the AM/NS Calvert joint venture—transferred to ArcelorMittal as part of regulatory commitments.
Previously projecting a ¥200 billion profit, Nippon now expects short-term setbacks but remains optimistic. The company anticipates U.S. Steel will contribute ¥80 billion in profit this year, increasing to ¥150 billion in 2026 with the launch of its Big River 2 plant, and potentially ¥250 billion annually from 2028.
Despite this outlook, S&P downgraded Nippon Steel’s credit rating to BBB with a negative outlook. To boost share liquidity, the company also announced a 5-for-1 stock split effective October 1.
Nippon Steel continues to see the U.S. market as a key growth driver, with plans for further investment and integration.
Also Read : US warns Mexico over steel, aluminium exports US Steel Tariffs Could Lead to Dumping in Indian Market, Warns JSPL Chairman
The U.S. Ship recycling industry is facing severe financial strain due to a significant increase in...
Business 02-Sep-2024
Tata Steel to invest $1.18 billion in iron ore expansion. Capacity to rise 40% in Odisha and Jharkh...
Business 02-May-2025
At the Assembly in Chandigarh, Haryana Chief Minister Manohar Lal Khattar presented the State Budget...
Announcement 23-Feb-2024
Oil prices fell for the second day as economic headwinds weighed on global oil demand forecasts, out...
Energy 22-Jan-2024
In a significant move towards establishing India's first major chipmaking plant, Tata Sons Chairman...
Large Corporate 20-Feb-2024
According to an analysis carried out for the first quarter of 2024 by financial information and anal...
Logistics 21-May-2024