Tokyo: Japan’s largest steelmaker, Nippon Steel Corporation, has revealed a sharp downturn in its financial performance for the first half of the fiscal year, posting a loss of ¥113.4 billion for the six months ending September 2025. The result marks a stark reversal from the ¥243.4 billion profit recorded during the same period last year, highlighting mounting challenges in the global steel market and operational pressures in its overseas businesses.

The company attributed much of its loss to soft demand and heightened volatility in the U.S. steel market, where Nippon Steel has significant exposure following its recent $15 billion acquisition of U.S. Steel Corporation in June. While the acquisition initially promised expanded access to the North American market, the company now faces o

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