Nippon Steel sees strong American market lifting US Steel earnings

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โดย Reuters·Read original
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Nippon Steel Vice Chairman Takahiro Mori said the company expects the American market to remain buoyant, supported by import tariffs and resilient demand, which could lift earnings at U.S. Steel beyond current forecasts. Mori expressed confidence that U.S. Steel will post profits in excess of 100 billion yen this year, with the strong market outlook through 2027 suggesting additional upside, and said U.S. Steel would generate an annual profit of 300 billion yen to 400 billion yen in the long run. He described U.S. conditions as highly favourable, with hot-rolled steel sheet prices above $1,200 per metric ton, more than double the level in Asia, and noted that U.S. Steel resumed an idled Illinois blast furnace in March and is now running it at full capacity. About 100 Nippon Steel staff seconded from Japan are working on 260 operational improvement initiatives, and U.S. Steel's board has already approved roughly one-third of the $11 billion investment package pledged by Nippon Steel through 2028, with returns expected to grow to $3 billion a year by 2035. Mori acknowledged risks from inflation-driven cost pressures and labour shortages but said the U.S. government has not intervened in management decisions since the deal closed, and he added that Nippon Steel aims to lift overseas profit to more than 500 billion yen by 2030, nearly five times fiscal 2025 levels.

Impact on stocks 1

Critical Materials & Supply Chain▲ · 1 stocks
NIPPON STEEL CORP.
5401
▲ PositiveDemandrelevance

Nippon Steel expects strong US market and higher earnings from U.S. Steel, boosting its own overseas profit target.

Off-coverage companies 1

United States Steel CorporationPrivate▲ Positive
Demandrelevance

U.S. Steel is expected to post profits above 100 billion yen this year, with long-term profit of 300-400 billion yen, driven by buoyant US demand and tariffs.

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