Steel News

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.

Report: Stelco Interested in Acquiring U. S. Steel

22 September 2023 - Canada’s Stelco is reportedly pursuing a bid for United States Steel Corporation, Bloomberg has reported.

Report: U. S. Steel, Cleveland-Cliffs at Odds in Sales Process

21 September 2023 - A dispute between Cleveland-Cliffs Inc. and United States Steel Corporation has emerged over a confidentiality arrangement, locking Cleveland-Cliffs out of a sales process that is underway, reports the Reuters news service.

U. S. Steel, Energy Department Team Up for Carbon Sequestration Tech Test

20 September 2023 - United States Steel Corporation and the U.S. Energy Department will jointly test a way to pull carbon dioxide from flue emissions at the steelmaker’s Edgar Thomson plant in Pennsylvania.

Auto Strike Prompts U. S. Steel to Idle Blast Furnace

19 September 2023 - United States Steel Corporation is temporarily idling the B blast furnace at its Granite City Works amid a strike by the United Auto Workers.

U. S. Steel Begins Sharing Company Info With Potential Buyers

29 August 2023 - United States Steel Corporation is signing non-disclosure agreements with potential buyers and has started to share due diligence information with them as it reviews its strategic options, the company said Tuesday.

Esmark Ends Effort to Acquire U. S. Steel

23 August 2023 - Esmark Inc., the Pennsylvania-based steel processor and distributor that had put down a US$7.8 billion cash offer for United States Steel Corporation, has bowed out of the sales process.

USW Cannot Block Sale of Company, Says U. S. Steel

18 August 2023 - United States Steel Corporation said yesterday that the labor agreement it has in place with the United Steelworkers (USW) does not give the union the right to veto the sale of the company, the Reuters news service reports.