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CORRECTED-Nippon Steel aims for 100 million tons in global crude steel capacity by mid-2030s

ReutersDec 12, 2025 9:16 AM

- Nippon Steel 5401.T, Japan's biggest steelmaker, sees its global crude steel production capacity at 100 million metric tons or more by mid-2030s, it said on Friday.

In June, Nippon Steel closed a $15 billion deal to buy U.S. Steel X.MX and pledged to invest $11 billion, to be increased later, into the asset as it seeks to strengthen its presence in the U.S. market amid weak steel demand in Japan.

Nippon Steel targets 1 trillion yen ($6.42 billion) or more in underlying business profit under its 2030 management plan, it added on Friday.

($1 = 155.8000 yen)

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