Nippon Steel to Shortlist Two or Three States for New US Plant

Japan’s largest steel producer will shortlist two or three states for construction of a major new plant in the US and make a final decision on its location in early 2027.

Nippon Steel Corp. is seeking a site capable of supporting a steel plant with 3 million tons of annual capacity, Vice Chairman Takahiro Mori said in an interview. The plant, to be run by the company’s United States Steel Corp. subsidiary, will also need stable power supply at a competitive price.

“What we are envisioning is something like Big River 2,” Mori said, referring to US Steel’s existing facility ...