Author: Nabeera
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Nippon Steel Q1 crude steel output rises over 50% on U.S. Steel consolidation
Company returns to profitabiliy, posts Q1 net profit of JPY 145.5 billion Lower shipments and weaker spreads weigh on Japan business as overseas operations drive earnings Nippon Steel’s consolidated crude steel production increased 50.7% year on year to 14.26 million tonnes (mnt) in the April-June quarter, driven primarily by the consolidation of U.S. Steel into…