China exports push Nippon Steel to seek growth in US, India after blocked deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2025
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Should l Buy ?
Source: Reuters
Nippon Steel's Expansion Plans: Nippon Steel is looking to expand its operations in the U.S. and India to counteract declining domestic demand and competition from cheap Chinese exports, following a blocked bid for U.S. Steel by the White House.
Focus on Growth Markets: The company aims to increase its production capacity significantly and strengthen its presence in markets with growing demand, particularly in India, where steel consumption is projected to rise, while also investing in raw materials globally.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
