National Steel Company shares fall 1.72% intraday after Nippon Steel reports a 40 billion yen annual loss.

National Steel Company declined 1.72% intraday, with the company's stock price potentially affected by the recent news that Nippon Steel, Japan's biggest steelmaker, revised its forecast for the full fiscal year to a 40 billion yen ($266 million) loss from 200 billion yen profit previously, mostly due to charges related to its acquisition of U.S. Steel. The annual results will be hit by a one-off loss tied to the U.S. Steel deal, in particular a loss of 231.5 billion yen.