3 Major Japan Steelmakers Expect Profit Falls in FY 2025
Tokyo, May 13 (Jiji Press)--Japan's three major steelmakers forecast that their consolidated net profits will decline in fiscal 2025, which will end next March, according to the companies' earnings reports released by Monday.
Nippon Steel Corp. and JFE Holdings Inc. expect to see product prices fall because of the yen's appreciation as well as a market deterioration caused by overproduction in China. They also assume that their earnings will be negatively impacted by tariff measures introduced by U.S. President Donald Trump's administration.
(2025/05/13-15:59)
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