Nippon Steel Corporation (NSC) and Nippon Steel Stainless Steel Corporation (NSSC), a wholly-owned subsidiary of NSC, have announced that their respective Boards of Directors, at meetings held earlier in October, resolved to conduct a merger with NSC as the surviving company and NSSC as the dissolving company, effective as of April 1, 2025.
The reason for the merger is to strengthen both companies in an increasingly challenging business environment, with a decline in domestic demand, overcapacity in the Asian market and the requirement for decarbonization, but also to be able to focus on new energy fields such as hydrogen and ammonia, where demand is expected to grow in the future.
