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NIPPON STEEL ( (JP:5401) ) just unveiled an update.
Nippon Steel Corporation has finalized a significant partnership with United States Steel Corporation, creating a world-leading steelmaker. This collaboration involves a massive investment of approximately $11 billion in U.S. Steel by 2028, aiming to boost steel production and secure jobs across multiple U.S. states. The partnership also includes a National Security Agreement with the U.S. Government, ensuring U.S. Steel’s operations remain American-centric and safeguarding national security interests. This move is expected to enhance Nippon Steel’s global production capacity, aligning with its strategic goals.
The most recent analyst rating on (JP:5401) stock is a Buy with a Yen4000.00 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 player in the steel industry, known for its advanced technologies and manufacturing capabilities. The company focuses on producing high-quality steel products and has a strong market presence globally.
Average Trading Volume: 5,090,895
Technical Sentiment Signal: Hold
Current Market Cap: Yen3002.2B
For an in-depth examination of 5401 stock, go to TipRanks’ Overview page.