US and EU regulators initiate fresh Nippon US Steel probes
April 12, 2024
The proposed acquisition of US Steel by Japan’s Nippon Steel is facing new antitrust reviews on two continents
Tag: US Steel
Nippon Steel Resolved to Complete U.S. Steel Buyout as Biden Issues Statement in Opposition
March 15, 2024
Nippon Steel Corp. underscored its resolve Friday to complete its planned buyout of United States Steel Corp.
US Steel loses money in Q4 2023
February 5, 2024
Pittsburgh-based United States Steel reports a fourth-quarter 2023 net loss of $80 M, which contrasts with Q4 2022 net earnings of $174 M
Nippon Steel says Japan’s 3 megabanks plan $16 bln loan for U.S. Steel acquisition
February 1, 2024
Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Mizuho Financial Group plan to lend Nippon Steel a combined $16 billion
European steelmakers restart blast furnaces
January 11, 2024
The first quarter of 2024 is kicking off with European steelmakers slowly resuming production, suspended since mid-2023
Nippon Steel confident of completing acquisition of U.S. Steel
January 8, 2024
Nippon Steel President Eiji Hashimoto said that despite opposition the company is still confident of completing the acquisition of U.S. Steel.
United Steelworkers union blasts $15B U.S. Steel-Nippon deal
December 20, 2023
The United Steelworkers union ripped U.S. Steel and its proposed acquirer, Nippon Steel, for agreeing to a $15 billion deal
Nippon Steel Says Global Push Justifies 142% US Deal Premium
December 19, 2023
Nippon Steel Corp. has defended the whopping 142% premium it’s paying for United States Steel Corp., as they expand to counter weak domestic
Nippon Steel to buy U.S. Steel
December 18, 2023
Japan’s Nippon Steel said on Monday it would buy U.S. Steel in a deal valued at $14.9 billion, or $55/share.
Coal News & Price Data – December 18, 2023 – Nippon Steel to Buy US Steel
December 18, 2023
Nippon Steel plans to acquire U.S. Steel for $14.9 billion, an offer that represents a significant premium
Cliffs Raises Bid for US Steel
December 13, 2023
U.S. Steel has now received multiple bids of more than $40 per share, sending shares up from $36 per share before the report.