Nippon Steel Bets on US$11 Billion Investment, Tech Transfer to Lift US Steel Profit

Nippon Steel Bets on $11 Billion Investment, Tech Transfer to Lift U.S. Steel Profit

TOKYO, Aug 29 (Reuters) - Japan's Nippon Steel 5401.T plans to increase profit at U.S. Steel through an $11 billion investment and the transfer of its operational techniques and advanced technologies to expand capacity and add more high-grade products, a senior executive said.

Nippon Steel bets on US$11 billion investment, tech transfer to lift US Steel profit

TOKYO: Japan's Nippon Steel plans to increase profit at US Steel through an US$11 billion investment and the transfer of its operational techniques and advanced technologies to expand capacity and add more high-grade products, a senior executive said. © New Straits Times Press (M) Bhd

Nippon Steel Advances Toward 100-Million Ton Capacity Target

Nippon Steel Corp. said it’s moving closer to its long-term goal of reaching 100 million tons of annual crude steel production capacity after its acquisition of United States Steel Corp.

Nippon Steel bets on $11B investment, tech transfer to lift US Steel profit

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Nippon Steel bets on $11bln investment, tech transfer to lift U.S. Steel profit

The investment, running through 2028, and transfer of expertise aim to lift U.S. Steel's annual profit contribution to $1.70bln as early as fiscal 2028