On November 4, Jin10 reported that Nippon Steel will begin commercial production of high-end steel for data centers in the United States. After acquiring U.S. Steel (X.N) for $14.1 billion in June this year, Nippon Steel will build a new production line at its existing plant in Arkansas, with a total investment expected to reach several billion dollars. This steel giant aims to seize the opportunity presented by the rise in demand for data centers driven by the artificial intelligence boom, particularly from orders by major U.S. tech companies. Additionally, reports indicate that Nippon Steel plans to upgrade its aging facilities. The mass production plan for this high-quality energy-efficient electrical steel sheet is set to start as early as 2028.
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