Japanese steelmaker Nippon Steel has developed an ambitious mid- to long-term management plan to 2030, outlining investments of up to 6 trillion yen ($38.6 billion) aimed at expanding global steel production capacity, strengthening overseas operations and advancing decarbonization technologies. The plan is designed to address structural changes in the global steel market, including slowing domestic demand in Japan, persistent global overcapacity and increasing trade pressures, while positioning the group for long-term growth.
Focus on capacity expansion and growth overseas
Central to the strategy is the expansion of steelmaking capacity outside Japan. Nippon Steel plans to prioritize investments in overseas markets with structural demand growth, including the United States, India and Southeast Asia, while strengthening its global manufacturing presence.
The company plans to increase global crude steel production capacity to approximately 100 million tons by 2030, supported by large-scale capital expenditures and strategic overseas projects. Investments will focus on high-value steel products, operational efficiency and the integration of advanced technologies in international operations.
Decarbonization and technology development
The investment plan also places a strong emphasis on decarbonization and environmental performance. Nippon Steel intends to allocate significant capital to low-carbon steel production technologies, including
