Nippon Steel Corp., Japan’s largest steelmaker and one of the world’s leading steel manufacturers, has plans to acquire United States Steel Corp., a steel producer, for $14.9 billion.
The transaction will further diversify NSC’s global footprint by significantly expanding its current production in the United States, adding to its primary geographies of Japan, ASEAN and India. As a result of NSC’s acquisition of U.S. Steel, its expected total annual crude steel capacity will reach 86 million tonnes — accelerating progress toward NSC’s strategic goal of 100 million tonnes of global crude steel capacity annually.
Eiji Hashimoto, NSC president, said, “We are excited that this transaction brings together two companies with world-leading technologies and manufacturing capabilities, demonstrating our mission to serve customers worldwide, as well as our commitment to building a more environmentally friendly society through the decarbonization of steel. NSC has lo
