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In its medium-to-long-term business plan for 2030—released on December 12—Nippon Steel announced that, by the fiscal year ending March 2032, it aims to increase its global crude steel production capacity to over 100 million tons per year. M155-35S Grain oriented electrical steel, To support this capacity expansion, the company plans to invest approximately 6 trillion yen (approximately US$38.5 billion) over the next five years; of this amount, approximately US$11 billion will be allocated to investments related to U.S. Steel, which the company recently acquired.
Driven by mergers and acquisitions, Nippon Steel projects that its consolidated crude steel output for the 2025/26 fiscal year (April to March) will increase by 21.6% year-on-year, reaching 50.5 million tons—a significant rise from the 39.59 million tons recorded in the previous fiscal year. Under its strategic plan, the company aims to boost its production capacity in the 2031/32 fiscal year by approximately 18% compared to the projected levels for 2025/26, thereby outlining a clear path for global expansion.
Regarding its overseas expansion, Nippon Steel’s joint venture projects in India are poised to serve as a significant source of incremental growth, with an anticipated addition of approximately 13 million tons per annum in production capacity. M155-35S Grain oriented electrical steel, Specifically, ArcelorMittal Nippon Steel India (AM/NS India) is projected to boost its crude steel production capacity to 15.6 million tons per annum by 2026; furthermore, the company plans to commence construction of a 7-million-ton-per-annum integrated steel plant in Rajayyapeta, Andhra Pradesh, around 2031.
Nippon Steel stated that, by advancing capacity expansion and optimizing its operational structure, the company aims to achieve a core operating profit exceeding 1 trillion yen while simultaneously solidifying the scale of its global crude steel production capacity.
Regarding market conditions, steel prices generally continued to exhibit a slight downward trend. M155-35S Grain oriented electrical steel, On December 11, the FOB export price for Chinese SS400 3mm hot-rolled coils stood at approximately $453 per ton, a decrease of $1 from the previous trading day; the CFR price for Southeast Asia was $456 per ton, also registering a slight decline.
