TOKYO/NEW YORK -- Japan's Nippon Steel is embarking on huge investments in its new subsidiary U.S. Steel, hoping to weather stiff competition from U.S. and South Korean rivals as U.S. President Donald Trump's tariffs put downward pressure on earnings.
Materials
Nippon Steel bolsters U.S. Steel to head off South Korean competition
Japan steelmaker to invest $11bn in new acquisition's capabilities
Facilities for processing steel slag will be constructed at this U.S. Steel plant in Pennsylvania as part of Nippon Steel's investments in its new subsidiary. (Photo by Azusa Kawakami)
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