U.S. Steel Corporation (NYSE:X) has unveiled a comprehensive multi-year growth plan developed in partnership with Nippon Steel, outlining approximately $14 billion in capital investments across the United States — with $11 billion expected to be deployed by the end of 2028.
The collaboration is projected to generate around $3 billion in total value, including $2.5 billion in incremental run-rate EBITDA driven by new capital projects, and an additional $500 million from operational efficiencies.
Both companies have already identified more than 200 improvement initiatives across all operating segments, leveraging Nippon Steel’s technological expertise to enhance U.S. Steel’s production capabilities and cost efficiency.
The joint strategy emphasizes modernization, R&D expansion, and the development of lower-emission, higher-value steel products, while aiming to preserve and create over 100,000 jobs nationwide.
“Even just a few months into our partnership with Nippon Steel, we’re making great progress,” said U.S. Steel CEO Dave Burritt. “We have a robust pipeline of growth projects, ranging from the modernization of our Gary Works Hot Strip Mill to the new slag recycler at Mon Valley Works and the development of new product capabilities.”
Takahiro Mori, Representative Director and Chairman of the U.S. Steel Board, added: “By uniting Nippon Steel’s world-leading technologies with U.S. Steel’s iconic American operations, we are forging a stronger, more competitive platform for the future.”
As part of the collaboration, nearly 50 Nippon Steel professionals have joined U.S. Steel facilities across the country, forming integrated teams focused on execution and long-term value creation. The partnership has already gained momentum, advancing key modernization projects and embedding engineering and operational excellence into U.S. Steel’s transformation strategy.