U.S. Steel expected to supply over 40% of Nippon Steel quarterly profit

Key facts

• U.S. Steel is expected to account for over 40% of Nippon Steel's July-September profit, Nikkei reported.
• The report attributed the gain to a jump in prices for American steel products.
• Tariffs weigh on imports and data centers drive demand, according to the report.
• A Democratic-controlled Congress could become a risk factor if it moves to rein in the AI sector, the report said.

U.S. Steel is expected to account for more than 40% of Nippon Steel's July-September profit, Nikkei reported on November 4, 2026. The report attributed the gain to a jump in prices for American steel products.

Nikkei said tariffs weigh on imports and data centers drive demand. It also said a Democratic-controlled Congress could become a risk factor if it moves to rein in the AI sector.