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NIPPON STEEL ( (JP:5401) ) has issued an update.
Nippon Steel Corporation, along with its subsidiary Nippon Steel North America, Inc., and United States Steel Corporation, have announced a historic partnership approved by President Trump. This collaboration is set to inject approximately $11 billion into the U.S. steelmaking industry by 2028, creating and safeguarding over 100,000 jobs. The partnership includes a National Security Agreement with the U.S. Government, which outlines commitments to governance, domestic production, and trade matters, and has received all necessary regulatory approvals, promising significant impacts on the steel industry and local communities.
The most recent analyst rating on (JP:5401) stock is a Buy with a Yen3900.00 price target. To see the full list of analyst forecasts on NIPPON STEEL stock, see the JP:5401 Stock Forecast page.
More about NIPPON STEEL
Nippon Steel Corporation is a leading company in the steel industry, primarily engaged in the production and manufacturing of steel products. The company focuses on enhancing its market presence through strategic partnerships and investments, particularly in the United States, to bolster its operations and industry positioning.
Average Trading Volume: 4,773,704
Technical Sentiment Signal: Hold
Current Market Cap: Yen3029.4B
See more insights into 5401 stock on TipRanks’ Stock Analysis page.