Nippon Steel President: No Plans To Shut Down Blast Furnaces In Japan Under New Medium-Term Plan Through FY2030
ReutersDec 12, 2025 7:34 AM
Dec 12 (Reuters) - Nippon Steel Corp 5401.T:
NIPPON STEEL PRESIDENT: AIMS TO BOOST OVERSEAS BUSINESS PROFIT TO OVER 500 BILLION YEN BY FY2030 FROM 115 BILLION YEN IN FY2025, THROUGH REALIZATION OF US STEEL INVESTMENT EFFECTS AND CAPACITY EXPANSION IN INDIA
NIPPON STEEL PRESIDENT: AIM TO FURTHER INCREASE SELF-SUFFICIENCY RATIO OF HIGH-GRADE RAW MATERIALS SUCH AS IRON ORE
NIPPON STEEL PRESIDENT: WE HAVE NO PLANS TO SHUT DOWN BLAST FURNACES IN JAPAN UNDER NEW MEDIUM-TERM PLAN THROUGH FY2030
NIPPON STEEL PRESIDENT: FUNDING IS ESSENTIAL AND WE WILL PROCEED WITH FINANCING AS INVESTMENT EXPANSION OVER NEXT FIVE YEARS WILL RESULT IN A NEGATIVE FREE CASH FLOW
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