CompaniesJapan steelmaker beats forecast but China exports and Iran war cloud outlookU.S. Steel is expected to turn a profit in fiscal 2026. (U.S. Steel)NAOKI MATSUDA, AZUSA KAWAKAMI and RIHO TAKAHASHIMay 14, 2026 02:16 JSTTOKYO/NEW YORK -- Japan's Nippon Steel expects subsidiary U.S. Steel to contribute to consolidated profit this fiscal year as production improvements lead to greater efficiency at the U.S.-based company.Read NextMaterialsNippon Steel's blast-to-electric-furnace shift faces energy, price hurdlesCompaniesJapan's JFE to double India steel capacity by 2030 on infrastructure demandCompaniesNippon Steel to receive $5.7bn in loans following U.S. Steel acquisitionMaterialsJapan to see higher plastic and metal prices as Iran war drags onMaterialsNippon Steel to raise steel sheet prices 10% on raw material, labor costsLatest on CompaniesCompaniesJapan's Fujikura to bring US fiber-optic cable plant online by 2030: CEOCompaniesCATL opens $440m battery storage test site that simulates severe conditionsCompaniesJapan's Sojitz turns to Australia, Uzbekistan for investment wins