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Market Chatter: Nippon Steel Vice Chair Forecasts Surging US Steel Profits

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Nippon Steel (TYO:5401) Vice Chairman Takahiro Mori expects a strong U.S. steel market, driven by steady demand and import tariffs, Reuters reported Wednesday, citing an interview with the executive.

These factors could push U.S. Steel's earnings beyond current estimates, Mori reportedly said.

Mori expects U.S. Steel to generate more than 100 billion yen in profit this year, with long-term annual earnings between 300 billion yen and 400 billion yen, the report said.

Nippon Steel completed its acquisition of U.S. Steel for $14.9 billion in June 2025, following an 18-month-long regulatory review.

Shares of Nippon Steel rose over 1% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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