Japan-based Nippon Steel Corporation has declared in its consolidated financial and operational report for the first three quarters ending December 31 of the financial year 2024-25 that it will do whatever it takes to finalize its acquisition of US Steel. This commitment aligns with its business strategy and the policies of the new US administration, with a focus on strengthening industries, the economy, and national security in the US. The company also mentioned that both entities have filed lawsuits to counter what they termed as illegal interference with the deal.

In the reported quarter, Nippon Steel recorded a net profit of JPY 386.39 billion ($2.54 billion), marking a 17.6 percent decrease compared to the same period the previous year. Its net sales amounted to JPY 6.55 trillion ($43.06 billion), a 1.3 percent decline from JPY 6.64 trillion in net sales during the same quarter of the prior financial year. Additionally, the company's operating profit fell by 8.5 percent year on year to JPY 566.13 billion ($3.72 billion).

During the third quarter, Nippon Steel produced 9.78 million metric tons of crude steel, a 4.7 percent decrease, while its steel product shipments rose by 0.4 percent to 7.98 million metric tons, on a year-on-year basis.

For the full financial year, Nippon Steel projects its crude steel production to be approximately 40 million metric tons, and its steel product shipments to be about 31.50 million metric tons. The company also anticipates sales revenue of JPY 8.6 trillion for the full financial year.