Nippon Steel Vice Chairman - Sale Of Usiminas Shares Is Intended To Mitigate Further Impairment Risks, As No Significant Recovery Is Expected In Brazil

Reuters
2025.11.05 07:52
Nov 5 (Reuters) - Nippon Steel Corp (5401.T) Vice Chairman: * SALE OF USIMINAS SHARES IS INTENDED TO MITIGATE FURTHER IMPAIRMENT RISKS, AS NO SIGNIFICANT RECOVERY IS EXPECTED IN BRAZIL * THERE HAVE BEEN NO INSTANCES WHERE U.S. GOVERNMENT INVOLVEMENT HAS HINDERED OUR PLANS ON US STEEL’S OPERATIONS Further company coverage: (5401.T)