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.

洞察:
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 USUS 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.
Nippon Steel Chief Financial Officer (CFO) Takahiko Iwai discusses the company's strategy with Reuters at its headquarters in Tokyo, Japan, on February 18, 2026. This photo was taken with a mobile phone. REUTERS/Ritsuko Shimizu
Nippon Steel Chief Financial Officer (CFO) Takahiko Iwai discusses the company's strategy with Reuters at its headquarters in Tokyo, Japan, on February 18, 2026. This photo was taken with a mobile phone. REUTERS/Ritsuko Shimizu
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