According to the company’s announcement, Nippon Steel aims to enhance its competitiveness in international markets by expanding both domestic and overseas investments.
Under this plan, the company intends to invest approximately 6 trillion yen globally over the next five years, including modernization of facilities acquired from United States Steel Corp. (U.S. Steel) which it purchased this year—as well as various other strategic initiatives.
The new investment program specifically targets the modernization of blast furnaces and restructuring of certain operational units to address declining domestic demand for steel in Japan.
At a press conference held in Tokyo, Nippon Steel President Tadashi Imai stated: “We will concentrate our management resources on investments that strengthen integrated steel production.”
Strategic Goal: 100 Million Tons of Global Production
Following U.S. regulatory approval, Nippon Steel finalized its acquisition of U.S. Steel in June 2025, committing to invest approximately USD 11 billion in the company by 2028.
These commitments include initial investments for greenfield projects, with the goal of combining the strengths of both firms to create a “world-leading steel producer equipped with best-in-class technology and manufacturing capabilities.”
Through this partnership, Nippon Steel aims to raise its combined annual crude steel production capacity to 86 million tons, bringing it closer to its strategic target of 100 million tons of global crude steel production capacity.
Comments
No comment yet.