Japan’s Nippon Steel Raises FY Profit Forecast After Q1 Beat
Nippon Steel, Japan’s largest steelmaker, has raised its full-year profit forecast following a stronger-than-expected first-quarter performance. For the quarter ending in June, the company reported a net profit of 157.6 billion yen ($1 billion), an 11% decrease from the previous year but surpassing analyst expectations of 108.7 billion yen. The firm increased its net profit […]