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An update from Kyoei Steel Ltd. ( (JP:5440) ) is now available.
Kyoei Steel has revised its capital investment plan for its U.S. subsidiary Vinton Steel, increasing the total project cost to US$327 million and expanding the annual production capacity of both the melt shop and rolling mill to 360,000 net tons. The investment, which remains within the company’s ¥60 billion North American strategic investment framework, reflects added equipment, specification upgrades, and higher costs from inflation, materials, construction, and reciprocal tariffs, and is intended to boost productivity, stabilize profitability, and reinforce Kyoei Steel’s competitive position in the North American steel market, with new facilities scheduled to start operations in 2027 and no immediate impact expected on current-year consolidated earnings.
The most recent analyst rating on (JP:5440) stock is a Buy with a Yen2439.00 price target. To see the full list of analyst forecasts on Kyoei Steel Ltd. stock, see the JP:5440 Stock Forecast page.
More about Kyoei Steel Ltd.
Kyoei Steel Ltd. is a Japanese steelmaker with a strategic focus on strengthening its overseas operations, particularly in North America. Through its wholly owned U.S. headquarters, KYOEI STEEL America LLC, the group operates Vinton Steel LLC in Texas, which produces and sells rebars and round bars for grinding balls, serving construction and industrial demand in the U.S. market.
Average Trading Volume: 79,172
Technical Sentiment Signal: Buy
Current Market Cap: Yen115.1B
For an in-depth examination of 5440 stock, go to TipRanks’ Overview page.