TOKYO, Aug 1 (Reuters) - Nippon Steel ( NISTF ), Japan's
biggest steelmaker, posted 195.83 billion yen ($1.30 billion) in
losses for the three months to June 30, it said on Friday, wider
than analysts' expectations.
An LSEG poll of analysts had expected Nippon Steel ( NISTF ) to post
25.7 billion yen in quarterly losses. A year earlier, Nippon
Steel ( NISTF ) saw a quarterly net profit of 157.56 billion yen.
For the fiscal year as a whole, Nippon Steel ( NISTF ) forecasts a
loss of 40 billion yen, it said.
In June, Nippon Steel ( NISTF ) closed its $14.9 billion acquisition
of U.S. Steel after an 18-month struggle to obtain U.S.
government approval for the deal, which faced scrutiny due to
national security concerns.
($1 = 150.5800 yen)