Japan's Nippon Steel raises full-year profit forecast, confident on US Steel deal

Q: How long will it take to read this news story?

The story "Japan&#039;s Nippon Steel raises full-year profit forecast, confident on US Steel deal" has 483 words across 21 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Japan&#039;s Nippon Steel raises full-year profit forecast, confident on US Steel deal" was covered 10 hours ago by Channel News Asia, a news publisher based in Singapore.

Q: How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 74 news stories per day. It's most recent story was published 1 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21885067</li><li>URL: https://beamstart.com/news/japans-nippon-steel-raises-full-17225101703074</li></ul>

Channel News Asia Logo Channel News Asia 10h ago

Japan's Nippon Steel raises full-year profit forecast, confident on US Steel deal - Channel News Asia

Quick Summary:

TOKYO :Japan's biggest steelmaker Nippon Steel on Thursday raised its full-year profit forecast amid improving margins in the steel business, and reiterated its confidence in closing its proposed acquisition of U.S.Steel by year-end.

Steel last December, said on Thursday it received a second request for information and data from the U.S.

Net profit in April-June, its first quarter, fell 11 per cent from a year earlier to 157.6 billion yen ($1 billion), but exceeded analyst expectations of 108.7 billion yen as per LSEG data.