Nippon Steel Targets $14 Billion Investment in U.S. Steel

By Robb M. Stewart

Nippon Steel will invest about $14 billion in U.S. Steel's American operations as it looks to unlock value from its acquisition and boost earnings through improvements in efficiency and costs.

The Japanese steel company, which bought U.S. Steel earlier this year, said $11 billion will be invested in the U.S. by 2028.

The spending is aimed at protecting and creating more than 100,000 jobs and is expected to unlock roughly $3 billion, including $2.5 billion in incremental run-rate earnings before interest, taxes, depreciation and amortization through capital investments and another $500 million from operational efficiencies.

Tokyo-based Nippon Steel said that with the introduction of its technological expertise to U.S. Steel's operations, the companies have identified more than 200 initiatives to drive operational efficiencies across all business segments. Both companies are focused on delivering these efficiencies and cost improvements to fund the next leg of growth.

U.S. Steel Chief Executive Dave Burritt said that after a few months into the partnership with Nippon Steel, progress was being made and the steel company has a pipeline of growth projects that range from the modernization of its Gary Works hot-strip mill in Indiana to a new slag recycler at its Mon Valley Works site near Pittsburgh.

Nearly 50 professionals from Nippon Steel have been deployed across U.S. Steel sites.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

November 04, 2025 10:02 ET (15:02 GMT)