Nippon Steel sees strong American market lifting US Steel earnings
Key takeaways
- Nippon Steel sees strong American market lifting US Steel earnings FILE PHOTO: File Photo: Nippon Steel Vice Chairman Takahiro Mori talks about its strategy in an interview with Reuters, in Tokyo, Japan August 28, 2025.
- TOKYO, June 18 (Reuters) - Nippon Steel, the world s No. 3 steelmaker, expects the American market to remain buoyant, supported by import tariffs and resilient demand, which could lift earnings at U.S.
- Steel will be able to post profits in excess of 100 billion yen ($624 million) this year," Mori said, adding that the strong market outlook through 2027 suggested additional upside.
Nippon Steel sees strong American market lifting US Steel earnings FILE PHOTO: File Photo: Nippon Steel Vice Chairman Takahiro Mori talks about its strategy in an interview with Reuters, in Tokyo, Japan August 28, 2025. REUTERS/Ritsuko Shimizu/File Photo/File Photo · Reuters By Yuka Obayashi and Kentaro Okasaka Thu, June 18, 2026 at 12:02 AM GMT+7 2 min read 5401.T By Yuka Obayashi and Kentaro Okasaka
TOKYO, June 18 (Reuters) - Nippon Steel, the world s No. 3 steelmaker, 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, Vice Chairman Takahiro Mori said.
"We are confident that U.S. Steel will be able to post profits in excess of 100 billion yen ($624 million) this year," Mori said, adding that the strong market outlook through 2027 suggested additional upside. He said U.S. Steel would generate an annual profit of 300 billion yen to 400 billion yen in the long run.