Salem Radio Network News Wednesday, February 4, 2026

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Japan’s Nippon Steel sets sights on a growing overseas market

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( ) -q-21- UNDATED (Correspondent Jeremy House) “and American steelworkers.”

The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel.

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TAG: Correspondent Jeremy House reporting. If the deal goes through, U.S. Steel will keep its name and its headquarters in Pittsburgh, Pennsylvania, but become subsidiary of Nippon Steel.

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VERBATIM: Japan’s domestic market isn’t growing, so Nippon Steel has its eyes on India, Southeast Asia and the United States, where populations are still growing. Nippon Steel gave reporters a tour of one of its plants in Japan on Friday. The bid for U.S. Steel is opposed by President-elect Donald Trump, President Joe Biden and American steelworkers.

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