Nippon Steel Says U.S. Steel Will Add Earnings Next Year; No Capacity Cuts Planned, CFO Says
Nippon Steel's finance chief said the company does not plan capacity reductions at its U.S. Steel unit and expects the business to return to contributing earnings in fiscal 2026, helped by firmer steel prices, technology transfers and improved plant operations. The company is tackling a high variable-cost base and faces near-term refinancing deadli…