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Nippon Steel Raises Full-Year Profit Forecast; U.S. Steel Business Becomes Main Earnings Driver
On August 4, Nippon Steel announced a 32% upward revision to its current fiscal year net profit forecast to 290 billion yen (approximately 12.41 billion yuan), mainly due to the continued strength of the U.S. steel market boosting U.S. Steel's earnings.
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Source: KLF Mining