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(Update) Nippon Steel Swings into Quarterly Loss

(Update) Nippon Steel Swings into Quarterly Loss

Nippon Steel Vice Chairman Takahiro Mori speaks at a press conference in Tokyo on Friday.
Nippon Steel Vice Chairman Takahiro Mori speaks at a press conference in Tokyo on Friday.

   Tokyo, Aug. 1 (Jiji Press)--Nippon Steel Corp. said Friday that it swung into a net loss in the April-June quarter, squeezed by a restructuring charge related to its acquisition of United States Steel Corp.
   The Japanese steelmaker posted a consolidated net loss of 195.8 billion yen for the fiscal first quarter, against the year-before profit of 157.5 billion yen.

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AFP-JIJI PRESS NEWS JOURNAL


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