Japan, March 18 -- The Japan Bank for International Cooperation (JBIC) signed on March 10 a loan agreement amounting to USD3,700 million (JBIC portion) with Nippon Steel Corporation (Nippon Steel). The loan is co-financed with MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, bringing the total co-financing amount to approximately JPY900 billion. The loan is intended to finance part of the funds necessary for securing shares in connection with the merger of Nippon Steel's U.S. subsidiary and United States Steel Corporation (U.S. Steel). Nippon Steel aims to achieve a global annual crude steel production capacity of 100 million tons. Nippon Steel plans to secure and expand its produ...