Steel Mills

Nippon could up investment in USS facilities to $7B: Report
Written by Ethan Bernard
March 28, 2025
Nippon Steel could be raising its investment in U.S. Steel facilities to as much as $7 billion in an effort to save its troubled bid for the Pittsburgh-based steelmaker, according to a media report.
The news website Semafor reported on Thursday that the Japanese steelmaker is in talks with the Trump administration on ways to get its bid for U.S. Steel across the line.
This would reportedly involve more than doubling its investment pledge to $7 billion for upgrades to USS facilities from $2.7 billion previously.
The website cited anonymous people familiar with the matter.
The deal, first proposed in December 2023, has faced some significant hurdles, including being blocked by the Biden administration.
However, the deal is still in play, with ongoing lawsuits and the deal yet to be wound down. The most recent update of the twists and turns can be found from SMU’s Laura Miller here.
Spokespersons for Nippon and USS, respectively, did not return a request for comment by time of publication.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills

Cleveland-Cliffs quietly removes name from Steelton mill
The Cleveland-Cliffs name has been removed from its idled Steelton rail mill. SMU asked Cliffs about the move and if it might signal that it is selling the mill...

Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.

Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.

Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.

Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.