Fact Check: "Combined company will be the world's fourth-largest steelmaker."
What We Know
On December 18, 2023, Nippon Steel Corporation (NSC), the world's third-largest steel producer, agreed to acquire United States Steel Corporation (U.S. Steel) for $14.9 billion. This acquisition was significant as it allowed Nippon Steel to expand its production capacity and market influence. Following the completion of the deal, which was finalized on June 18, 2025, the combined entity is set to become the world's fourth-largest steelmaker, with an estimated production capacity of 86 million tons (source-1, source-5).
Analysis
The claim that the combined company will be the world's fourth-largest steelmaker is supported by multiple credible sources. According to the World Steel Association, the rankings of steel producers are based on their production volumes. The acquisition of U.S. Steel by Nippon Steel not only consolidates their resources but also enhances their production capabilities significantly.
After the merger, the new entity will surpass other competitors in the global market, positioning itself behind only the top three steel producers: China Baowu Steel Group, ArcelorMittal, and Ansteel Group (source-2). The assertion is further corroborated by reports from reputable news organizations, which confirm that the combined company will indeed rank as the fourth-largest steelmaker globally (source-7).
The reliability of these sources is high, as they include industry reports and news articles from established organizations. The World Steel Association is a leading authority in steel production statistics, and major news outlets like PBS and Reuters have covered the acquisition extensively, providing detailed insights into the implications of the merger.
Conclusion
The claim that the combined company will be the world's fourth-largest steelmaker is True. The evidence from multiple credible sources confirms that the acquisition of U.S. Steel by Nippon Steel will elevate the latter's position in the global steel market, making it the fourth-largest producer by volume.
Sources
- Nippon Steel's purchase of U.S. Steel closes, with big role ...
- Acquisition of U.S. Steel by Nippon Steel
- List of steel producers
- The Future of Jobs Report 2025 | World Economic Forum
- Nippon Steel finalizes $15 billion buyout of U.S. Steel after sealing national security agreement | PBS News
- Nippon Steel finalizes $15B takeover of U.S. Steel
