Nippon Steel Profit Forecasts
11 August 2019, 14:36
According to the forecasts of the Japanese corporation Nippon Steel, an increase in profits of more than fifty percent is expected in the next half year to the end of the first quarter of 2020. Such indicators are due to reduced demand for iron ore. In 2018, profit was at 330 million yen. Nippon Steel decided to increase the cost of manufactured products for consumers. This will provide an opportunity to partially compensate for losses, but will not fully cover them
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