Nippon Steel sees no need to cut capacity at U.S. Steel and expects the business to contribute to earnings in fiscal 2026, up from zero this year, helped by stronger steel prices and technology transfer, Chief Financial Officer Takahiko Iwai said.
While urgent steps are needed to improve the U.S. company’s high-cost structure, capacity reductions similar to those implemented in Japan in the early 2020s are unnecessary because U.S. steel demand is growing, Iwai told Reuters in an interview this… [2006 chars]
Source: Reuters | Published: 2026-02-19T17:05:14Z
Credit: Reuters
