Nippon zeroes in on site for US steel plant: Report

Nippon Steel said it hopes to pare down a list of sites by next summer and make a final decision by the end of 2026 for a new U.S. Steel plant in the United States, according to a report posted on Nippon.com on Dec. 2.

The Japanese steelmaker plans to build two EAFs at a cost of ~$4 billion, with a combined capacity of 3 million tons of crude steel, Takahiro Mori, vice chairman of Nippon, said in a recent interview, the article reported.

Essential criteria were said to include land, electricity, and railroad and road networks, as well as human resources and policies.

Other conditions to be analyzed include steel demand in nearby areas and the ease of obtaining materials, according to the article.

In a separate article on Dec. 1, Bloomberg said the shortlist will include two or three states and the final decision will come in early 2027.

A request for comment from both USS and Nippon was not returned by time of publication.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

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