Nippon Steel Doubles Down on US Market with Major New Investment

Japanese steelmaking giant Nippon Steel is accelerating its North American expansion strategy. Following its acquisition of US Steel, the company has unveiled plans for a massive new capital project: a multi-billion dollar greenfield steel plant in the United States.

The company has confirmed concrete and ambitious plans to construct a new steel production facility in the US, with an estimated investment of approximately $4 billion. The project’s centerpiece will be the installation of two state-of-the-art electric arc furnaces. These units, which utilize scrap metal as their primary raw material, are slated to have a combined annual production capacity of 3 million tons of crude steel. This significant capacity addition highlights Nippon Read more...