Market Chatter: Nucor Unconcerned by Nippon Steel's US Steel Acquisition

MT Newswires Live

07/22

Nucor (NUE) said Nippon Steel's (NPSCY) acquisition of United States Steel Corporation (X) has had little impact on its business strategy, Nikkei reported Wednesday, citing comments from Chief Operating Officer Stephen Laxton.

Laxton said Nippon Steel's entry into the US market changes the competitive landscape but does not alter Nucor's strategy, adding the company remains focused on organic growth rather than acquisitions, according to the report.

He also said US steel demand is expected to rise about 1% to 2% in 2026, supported by infrastructure spending and investment in AI data centers despite labor and power constraints, the report added.

Nucor did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PICK","symbol_name":"iShares MSCI Global Metals & Mining Producers ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2653756527","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653756527","pubTimestamp":1784713395,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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