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Nippon Steel
Latest News
Investment Firm Seeks to End Nippon Steel Merger
27 January 2025 - A Cleveland investment firm has launched a proxy battle over United States Steel Corporation, arguing that the Nippon Steel merger should be abandoned and that its future should be as a stand-alone entity.
Cleveland-Cliffs CEO Restates Interest In Buying U.S. Steel
13 January 2025 - With the United States Steel Corporation - Nippon Steel merger heading to court, Cleveland-Cliffs Inc. chief executive officer said he wants to buy the company, should the deal ultimately fail.
McConnell: U. S. Steel Decision Is a Disservice to the Country
09 January 2025 - President Joe Biden’s decision to block the sale of United States Steel Corporation is a gift to organized labor that comes at the country's expense, U.S. Senate Minority Leader Mitch McConnell wrote in Wednesday’s The Wall Street Journal.
Nippon Steel Chairman: No Reason to Give Up on U. S. Steel Deal
07 January 2025 - Nippon Steel Corp. has but one plan for its blocked acquisition of United States Steel Corporation — fight the decision in court.
U. S. Steel, Nippon Steel File Lawsuits Over Blocked Merger
06 January 2025 - United States Steel Corporation and Nippon Steel Corp. are appealing President Joe Biden's disapproval of their planned merger and suing the United Steelworkers union president as well as rival Cleveland-Cliffs Inc., contending that they colluded to thwart the deal.
Labor Caucus Tells Biden to “Repudiate” U. S. Steel Deal
18 December 2024 - The Congressional Labor Caucus has written to U.S. President Joe Biden, asking him to strongly repudiate Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, the Bloomberg news service reports.
Bloomberg Report Says Biden Intends to Halt U. S. Steel Deal
11 December 2024 - President Joe Biden plans to follow through on a pledge to block Nippon Steel Corp.’s acquisition of United States Steel Corporation, according to a Bloomberg report.
Report: Nippon Steel Shares Details on U. S. Steel Investment Plans
09 December 2024 - Seeking support from the United Steelworkers (USW) union for its acquisition of United States Steel Corporation, Nippon Steel Corp. has made new commitments as to the timing and purpose of its previously announced US$1.4 billion investment in the iconic steelmaker. United States Steel Corporation.
Nippon Steel Remains Confident About U.S. Steel Transaction
05 December 2024 - Nippon Steel Corp. believes it can close its acquisition of United States Steel Corporation by year’s end, in spite of opposition from President-elect Donald Trump.
Commerce Department Wants to Raise Tariffs on Nippon Steel
19 November 2024 - Just as Nippon Steel Corp. promised unionized United States Steel Corporation workers that it wouldn’t export slabs at the company’s expense, the U.S. Commerce Department proposed to push up tariffs on Nippon imports.
Nippon Steel Promises No Exports at U. S. Steel’s Expense
18 November 2024 - Nippon Steel Corp. is promising the United Steelworkers union that it won’t direct shipments from its Japanese mills to U.S. customers as part of its planned acquisition of United States Steel Corporation.
Report: Nippon Steel to Visit With U. S. Steel Union Members
14 November 2024 - A Nippon Steel Corp. executive will be traveling to Pittsburgh, Pa., USA, to meet with members of union locals serving U. S. Steel's Mon Valley Works, reports the Bloomberg news service.
With Election Settled, Nippon Steel Hopes to Close U. S. Steel Deal
07 November 2024 - Despite president-elect Donald Trump’s promises to block the United States Steel Corporation acquisition, Nippon Steel Corp. executives are hoping they can close the deal before the end of the year.
Nippon Steel to Divest Stake in Alabama Rolling Mill
15 October 2024 - Nippon Steel Corp. will sell its 50% stake in AM/NS Calvert to partner ArcelorMittal, if Nippon Steel finalizes its acquisition of United States Steel Corporation, the company announced.
U. S. Steel: Nippon Steel Merger Will Bring Significant Economic Gains to Pennsylvania
02 October 2024 - United States Steel Corporation estimates that a promised investment in its Mon Valley Works would translate into nearly US$1 billion in incremental economic impact to Pennsylvania over the next two years.
Arbitration Panel Rules For U. S. Steel in Merger Dispute
25 September 2024 - Arbitrators have sided with United States Steel Corporation in a union dispute over the execution of its planned merger with Nippon Steel Corp.
Nippon Steel to Sell Stake in POSCO
24 September 2024 - Nippon Steel Corp. will divest its US$823 million stake in South Korea’s POSCO Holdings Inc., a move that it says will “improve asset efficiency through asset compression.”
Report: Decision on U. S. Steel Acquisition Likely to Come After Election
18 September 2024 - Nippon Steel Corp. has won permission to refile its plan for acquiring United States Steel Corporation, an action that will likely delay a decision on the merger until after the November election, reports the Bloomberg news service.
Harris Joins Biden in Opposing U. S. Steel Sale
03 September 2024 - U.S. Vice President Kamala Harris said she disapproves of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, arguing that the company should remain domestically owned.
Nippon Steel Promises Additional Investment in Mon Valley, Gary Works
29 August 2024 - Nippon Steel Corp. plans to invest an additional US$1.3 billion, if not more, in United States Steel Corporation’s Mon Valley and Gary works, should it finalize its acquisition of the iconic American steelmaker.
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