Steel Mills

Nippon Steel posts quarterly loss on cost to buy U.S. Steel

Written by Kristen DiLandro

August 3, 2025

Nippon Steel Corp. on Friday projected a fiscal-year 2025 loss due to costs tied to its $14.9 billion acquisition of U.S. Steel.

The Tokyo-based steel producer also noted that it was required to transfer its 50% stake in joint venture AM/NS Calvert to partner ArcelorMittal. The transfer resulted in a one-time loss of ¥231.5 billion ($1.56 billion). (Editor’s note: Nippon Steel reports results in Japanese yen.)

ArcelorMittal is now the sole owner of the Alabama sheet mill.

Nippon Steel now estimates it will report a loss of ¥40 billion for the full fiscal year. It previously projected a ¥200 billion profit for 2025.

The company in its earnings release on Aug. 1 swung to a fiscal first quarter loss of ¥195.8 billion compared to a profit of ¥157.6 billion in the same quarter last year on revenue that fell 8.3% to ¥2.0 trillion.

Kristen DiLandro

Kristen DiLandro is a reporter for Steel Market Update. Kristen focuses on the micro and macro steel market conditions informing North American spot prices. Following her agency career in advertising, she attained an MFA in Writing from Savannah College of Art and Design. Kristen can be reached at kristen@steelmarketupdate.com or 724-221-8143.

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