The Japan-based company raised its full-year guidance, citing a U.S. market turnaround and operational improvements.
Nippon Steel's US unit generated 32% of group profit ($204.5M) in Q2, lifting 2026 guidance to $1.14B. US tariffs and restarted capacity drive steel prices higher; $11B capex through 2028 reflects industrial consolidation momentum reshaping supply chains.
An article from
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The Japan-based company raised its full-year guidance, citing a U.S. market turnaround and operational improvements.
Published Aug. 4, 2026
Smoke billows from a coal-powered U.S. Steel plant in western Pennsylvania. The company, owned by Japan-based Nippon Steel, generated 32.2 billion yen ($204.5 million) of underlying business profit during the quarter that ended June 30, 2026.
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