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Markets2h 6m ago

Nippon Steel expects U.S. Steel to post profits exceeding 100 billion yen ($624 million) this year due to a strong American market buoyed by import tariffs and resilient demand.

United States

Who
Nippon Steel Vice Chairman Takahiro Mori
What
Nippon Steel expects U.S. Steel to post profits exceeding 100 billion yen ($624 million) this year due to a strong American market buoyed by import tariffs and resilient demand.
When
Wed, 17 Jun 2026 17:04:12 GMT · 2h 6m ago
Where
United States ·
Why
The American market for steel remains strong, with hot-rolled steel sheet prices above $1,200 per metric ton, and U.S. Steel has resumed an idled Illinois blast furnace to capitalize on this pricing environment.
The Frontline Impact

How this affects you

Nippon Steel, having recently acquired U.S. Steel, anticipates substantial financial gains and long-term profitability from the U.S. market, driven by current tariffs and demand. This outlook is supported by operational improvements and planned investments, suggesting a positive trajectory for both companies amidst ongoing global economic shifts.

Story chain

4 events in this thread
  1. Currently Reading2h 6m ago
    Nippon Steel expects U.S. Steel to post profits exceeding 100 billion yen ($624 million) this year due to a strong American market buoyed by import tariffs and resilient demand.
  2. Markets2h 6m ago
    Nippon Steel's Vice Chairman Takahiro Mori 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.
    Open article
  3. Markets2h 7m ago
    Nippon Steel 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.
    Open article
  4. Markets2h 7m ago
    Nippon Steel anticipates the American steel market will remain strong, supported by import tariffs and demand, which could increase U.S. Steel's earnings beyond current forecasts.
    Open article

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