Steel News

‘Our Transaction Delivers Clear Benefits to U. S. Steel,’ Says Nippon Steel

18 March 2024 - Nippon Steel Corp. is reiterating what it says are the benefits of its planned acquisition of United States Steel Corporation, arguing that the deal would bolster U.S. supply chains.

Biden Weighs in on U. S. Steel Acquisition

14 March 2024 - U.S. President Joe Biden is opposed to Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, saying Thursday that it is important that the U.S. maintain “strong American steel companies powered by American steel workers,” according to the Associated Press.

USW Reports on Meeting With Nippon Steel

12 March 2024 - Nippon Steel Corp. and the United Steelworkers (USW) union met late last week to discuss the company’s acquisition of United States Steel Corporation, but the union said it remains unassured.

Report: Nippon Steel, USW to Begin Dialogue Over Merger

07 March 2024 - Nippon Steel executive vice president Takahiro Mori is to meet with United Steelworkers leadership to discuss his company’s proposed acquisition of United States Steel Corporation, reports the Reuters news service.

United Steelworkers Union, Nippon Steel Sign Nondisclosure Agreement

29 February 2024 - The United Steelworkers (USW) union has signed a nondisclosure agreement with Nippon Steel Corp., a precursor to allowing discussion between the labor union and the acquirer of United States Steel Corporation to proceed.

Wheeling-Nippon Celebrates Production Milestone

22 February 2024 - West Virginia coil processor Wheeling-Nippon Steel recently celebrated a production milestone, coating its 20 millionth ton.

Nippon Steel Reports Successful H2 Injection Trial

14 February 2024 - Nippon Steel Corp. reduced blast furnace CO2 emissions by 33% during a month-long hydrogen injection trial, the company has reported.

Nippon Steel: We’re the Right Investor for U. S. Steel

23 January 2024 - Nippon Steel Corp.’s leading executives on Tuesday reiterated promises that the company would honor United States Steel Corporation’s collective bargaining agreements and would share technology that would improve the iconic steelmaker’s competitiveness.

NSC-USS Sale Doesn’t Impact National Security, Says Former Treasury Secretary

19 January 2024 - Former Treasury Secretary Lawrence Summers said national security is a non-issue when it comes to the Nippon Steel Corp. acquisition of United States Steel Corporation, reports the Bloomberg news service.

Report: U. S. Steel – Nippon Steel Deal Faces Scrutiny

11 January 2024 - Attorneys for United States Steel Corporation and Nippon Steel Corporation have been exchanging phone calls and emails as the Biden Administration prepares to review the planned acquisition of the American steelmaker, The Wall Street Journal reported Thursday.

Nippon Steel Executive Optimistic on Chances of Acquiring U. S. Steel

08 January 2024 - Despite calls for a through review of Nippon Steel Corp.’s acquisiton of United States Steel Corporation, Nippon Steel’s top executive believes the deal will ultimately be finalized, the Reuters news service reports.

POSCO, Nippon Steel Finalize Stakes in Canadian Met Coal Business

04 January 2024 - Nippon Steel Corp. and POSCO have closed on acquisitions of minority stakes in Teck Resources Ltd.'s metallurgical coal operation.

Nippon Steel to Acquire U. S. Steel

18 December 2023 - United States Steel Corporation has agreed to be acquired by Japan’s Nippon Steel Corporation through a cash deal valued at US$14.9 billion, the companies announced Monday morning.

POSCO, Nippon Steel Acquire Stake in Canadian Met Coal Miner

14 November 2023 - Canadian miner Teck Resources Ltd. has agreed to sell its metallurgical coal business to a group led by Glencore plc through a deal valuing the business at around US$9 billion.

A Stainless Steel With Improved Resistance to Hydrogen Embrittlement Hits the Market

12 July 2023 - Nippon Steel has begun shipping a new stainless steel that’s better able to resist embrittlement from contact with liquefied hydrogen, reports Nikkei Asia.

The World’s No. 2 Met Coal Exporter is Spinning Off Its Coal Mines. Here’s Why.

23 February 2023 - Canadian miner Teck Resources Ltd. is splitting off its metallurgical coal business into a separate public company that will be owned in part by two of its biggest steelmaking customers, the company has announced.

Nippon Steel Explores Carbon Capture Project

25 January 2023 - Nippon Steel Corp. and two other companies will explore the potential for carbon capture and storage project, according the Reuters news service.

Japanese Steelmakers Consider Increasing Electrical Steel Investment

07 December 2022 - Nippon Steel Corp. and JFE Steel Corp. are eying additional investments in electrical steels as demand for electric vehicles increases, according to the Bloomberg news service.

Nippon Steel Signs Collaboration Agreement

18 July 2022 - Coal and iron ore miner Anglo American has agreed to work with Nippon Steel Corp. on making less CO2-intensive steel, the companies have said.

AM/NS India Selects Primetals Technologies for Tandem Mill Build

09 June 2022 - Primetals Technologies has landed an order for a pickling line and tandem cold mill for a joint-venture mill in India.