TOKYO — With the $14.1 billion acquisition of U.S. Steel set to take place on Wednesday, Nippon Steel finally attained the last piece of the puzzle in its global expansion strategy.
Facing a slumping steel market triggered by China’s real estate woes and slowing domestic demand, Nippon Steel is looking for growth elsewhere. In addition to the emerging Indian market, the storied U.S. steelmaker is crucial to its global plan.
