Overview
- U.S. Steel detailed a domestic investment program through 2028 that upgrades plants and expands R&D to produce higher‑value, lower‑emission steel.
- The company projects about $3 billion in value creation, including roughly $2.5 billion from capital projects and about $500 million from operational efficiencies.
- More than 200 cost‑saving initiatives were identified with support from nearly 50 Nippon Steel professionals, reflecting early integration efforts.
- Named projects include modernizing the Gary Works Hot Strip Mill in Indiana and adding a slag recycler at Mon Valley Works in Pennsylvania, alongside new product capabilities.
- Separately, Nippon Steel excluded U.S. Steel from fiscal‑year guidance due to a weak U.S. market and facility issues, forecast a 14% drop in underlying profit, flagged a ¥60 billion full‑year loss tied partly to its Usiminas exit, and reaffirmed long‑term U.S. investment and targeted synergies.