Nippon Steel Advances Toward 100-Million Ton Capacity Target

Nippon Steel Corp. said it’s moving closer to its long-term goal of reaching 100 million tons of annual crude steel production capacity after its acquisition of United States Steel Corp.

“It’s only a matter of time” before Nippon Steel can reach the target, Vice Chairman Takahiro Mori said in an interview on Thursday. The company’s joint venture, ArcelorMittal Nippon Steel India Ltd., has plans to scale up its capacity in India, which will also help, he said.