Nippon Steel expects U.S. Steel earnings to rebound next year without capacity cuts
Nippon Steel expects U.S. Steel to return to profit in fiscal 2026. The firm will boost margins through technology transfers without cutting production capacity.
Insights:
Nippon Steel Corporation Chief Financial Officer Takahiko Iwai announced on Thursday that the company has no plans to implement capacity cuts at the recently acquired United States Steel Corporation . Speaking on February 19, 2026, Iwai stated that the company expects its operations in the United States 
US to begin contributing to its consolidated earnings in fiscal 2026. This revised outlook marks a shift from the current fiscal year, during which the company reported zero earnings contribution from the American business following the completion of its $15 billion acquisition.
US to begin contributing to its consolidated earnings in fiscal 2026. This revised outlook marks a shift from the current fiscal year, during which the company reported zero earnings contribution from the American business following the completion of its $15 billion acquisition.
