Nippon Steel plans to invest about $39 billion over the next five years to boost earnings at home and abroad as part of its new midterm business plan.

Nippon Steel , Japan's biggest steelmaker, expects its global crude steel production capacity to rise to 100 million metric tons per year or more by 2030, it said on Friday.

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Rising steel demand and expected outages at other mills owned by the company will enable expanded use of the Granite City ...