Steel News

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.

Goncalves: Cleveland-Cliffs Won’t Backstop U. S. Steel Sale

05 February 2024 - Cleveland-Cliffs Inc.’s bid for United States Steel Corporation is off the table and won’t be put back on should Nippon Steel Corp.’s plan to acquire the iconic manufacturer fall through, reports the Bloomberg news service.

Japanese Banks Back Nippon Steel Acquisition of U. S. Steel

30 January 2024 - Nippon Steel Corp. has lined up US$16 billion in loans for its planned acquisition of United States Steel Corporation, the Reuters news service reports.

U. S. Steel to Close Clairton Coke Oven Battery

29 January 2024 - United States Steel Corporation will permanently idle the No. 15 coke oven battery at its Clairton, Pa., USA, coke plant and invest US$19.5 million in upgrades to coke oven gas cleaning facilities as part of a proposed settlement over emissions incidents at the plant.

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.

USW Files Grievances over U. S. Steel Sale

15 January 2024 - The United Steelworkers union is challenging United States Steel Corporation’s proposed sale to Nippon Steel Corp., arguing that U. S. Steel violated terms of the basic labor agreement with the union, reports the Pittsburgh Post-Gazette.

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.

Labor Caucus Seeks Review of U. S. Steel Acquisition

03 January 2024 - The U.S. Congressional Labor Caucus is asking the Biden administration to undertake a comprehensive regulatory review of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation.

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.

U. S. Steel Reports Fourth Quarter Guidance, Mum on Sales Process

15 December 2023 - U. S. Steel expects to report fourth quarter adjusted net earnings of between 20 cents to 25 cents per diluted share, the company has announced.

U. S. Steel Readies DR-Grade Pellet Plant for Production

15 December 2023 - United States Steel Corporation is expecting to produce the first batches of low-silica iron ore pellets at the first of the year, following a US$150 million upgrade at its Keetac facility in Minnesota.

Reports: U. S. Steel Puts Granite City BF on Indefinite Idle

29 November 2023 - United States Steel Corporation is indefinitely idling the primary end of its Granite City Works in Illinois, impacting approximately 1,000 workers, according to news reports.

U. S. Steel Unveils Electric Locomotives at Two Pennsylvania Facilities

30 October 2023 - Taking a step toward meeting its sustainability goals, United States Steel Corporation has converted two diesel switcher locomotives to battery-operated locomotives, the steelmaker said Monday.

U. S. Steel Remains Tight-Lipped on Sales Process

27 October 2023 - United States Steel Corporation is continuing to work through its strategic alternatives review but is remaining mum about its progress to date.

Cleveland-Cliffs: No Comment on Effort to Buy U. S. Steel

24 October 2023 - Those looking for clues as to the status of Cleveland-Cliffs Inc.’s effort to buy United States Steel Corporation were probably disappointed by the company’s third-quarter earnings call.

U. S. Steel, DuPont Unveil Product Engineered for Coastal Environments

17 October 2023 - United States Steel Corporation and DuPont today launched a new product that is specially designed and warrantied for coastal environments.

U. S. Steel Opens Big River Electrical Steel Line

17 October 2023 - United States Steel Corporation has cut the ribbon on its 200,000-ton electrical steel line at its Big River facility.

Algoma, U. S. Steel Sign Iron Ore Agreement

03 October 2023 - Algoma Steel is extending an iron ore purchase agreement with United States Steel Corporation, securing enough of the raw material to complete its transition from blast furnace production to electric arc furnace production.