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Nippon Steel expects to close US Steel acquisition by year-end-緊固件展-2025第二十五屆廣州國際緊固件及設備展覽會-巨浪展覽-The 25th China(Guangzhou)Int'l Fastener & Equipment Exhibition
11/11/2024 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Japan-based Nippon Steel Corporation has stated in its consolidated financial and operational report for the first half endingSeptember 30 of the financial year 2024-25 that it aims to complete the acguisition of US Steel by the end of this year. and itintends to achieve a business profit of JPY 1 trillion as soon as possible with the acquisition in question.Meanwhile, in the given period, the company recorded a net profit of jPy 259.07 bilion ($1.68 bilion), compared to a net profit oiIPY 321.82 bilion in the same period of the previous year, while its sales revenues amounted to PY 4.38 triion ($28.45 bilion),dropping by 0.7 percent from JPY 4.41 trilion recorded in the first half of the previous financial year. in addition, Nippon Steel''soperating profit decreased by 11.3 percent year on year to JPY 375.75 billion ($2.44 billion).
In the first six months of the given financial year, the company produced 19.93 milion mt of crude steel, down by 1.3 percent, whileits steel product shipments amounted to 15.91 milion mt, decreasing by 1.6 percent, both on year-on-year basis
The company expects its crude steel production and its steel product shipments to be approximately 40 milion mt and 31.50million mt, respectively, in the full financial year
Nippon Steel forecasts that its sales revenues will amount to jPY 8.6 trilion in the full financial year.
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