U. S. Steel(US:X) 日经中文网·2025-06-17 02:13Core Viewpoint - Japan Steel's acquisition of US Steel has been finalized after a year and a half of efforts, aiming to establish a global network centered around Japan, India, and the US, thereby enhancing its competitiveness against Chinese firms [1][3]. Group 1: Acquisition Details - Japan Steel's acquisition plan for US Steel faced numerous challenges, including negotiations with the US government and legal actions against former presidential bans, but ultimately succeeded in achieving full subsidiary status [3]. - The company anticipates a significant decline in its consolidated net profit for the fiscal year ending March 2026, projecting a drop of 43% to 200 billion yen, attributed to oversupply from China and weak domestic demand [3][6]. Group 2: Strategic Goals - Japan Steel's global strategy aims to create a "steel triangle" with Japan, the growing market in India, and the promising US market for high-grade steel [4][5]. - The company has already made significant investments in India, including a joint acquisition of Essar Steel for approximately 770 billion yen, and is focused on building production bases in demand regions to mitigate tariff impacts [5]. Group 3: Market Position and Future Plans - Japan Steel plans to invest about 11 billion USD in US Steel by 2028, with a target of achieving an annual crude steel production of 100 million tons and a business profit of 1 trillion yen [6]. - The combined crude steel production of Japan Steel and US Steel would position them close to China's Ansteel Group, enhancing their market presence [6]. Group 4: Challenges and Opposition - Despite the acquisition, there is significant opposition in the US regarding the takeover of a historic steel company, with concerns about maintaining operational independence and addressing domestic public sentiment [7].