Nippon Steel to Build First European Integrated Steel Mill in Slovakia

Nippon Steel announced a €900 million investment to build an electric arc furnace at its Slovakian facility, acquired via U.S. Steel purchase, with 1.6 million metric tons annual capacity and €350 million in Slovak subsidies. This marks Nippon Steel's first integrated steel mill in Europe, expanding its global production network. The move signals strategic diversification into European markets amid global steel trade tensions.