Sunday, 19 January 2025

Focus on Nippon Steel Corporation

FILE PHOTO: The logo of Nippon Steel Corporation is displayed at the company headquarters in Tokyo,  Japan in this photo taken by Kyodo May 1, 2019.  Mandatory credit Kyodo/via REUTERS/File Photo
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US Steel CEO confident Nippon Steel deal will close ‘on its merits’

U.S. Steel CEO David Burritt said on Tuesday he was confident Nippon Steel's $14.9 billion bid for his company would "close on its...

TOKYO, JAPAN - SEPTEMBER 14: Former environment minister Shinjiro Koizumi, a candidate for Japan’s ruling Liberal Democratic Party’s (LDP) presidential election, speaks during a debate at the Nixon Kisha Club in Tokyo, Japan. Takashi Aoyama/Pool via REUTERS
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Japan, US face shared challenge from cheap China steel, Japan PM hopeful says

Japan and the United States should work together amid competition from China, leading prime ministerial candidate Shinjiro Koizumi said.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
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Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline

The Committee on Foreign Investment has until that day to complete its second review of the company's proposed takeover of U.S. Steel.

The U.S. Steel Corporation facility entry gate is seen in Gary, Indiana, U.S., on October 15, 2018. Picture taken on October 15, 2018.  REUTERS/Rajesh Singh/File Photo
BusinessEconomyIndustryInfrastructureNewsPolitics

White House officials signal delay in U.S. Steel takeover decision: report

White House officials have delayed a decision on Nippon Steel's bid for U.S. Steel amid national security concerns and bipartisan resistance.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
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Nippon Steel, US Steel send letter to Biden on merger plans

Nippon Steel and U.S. Steel sent a letter to President Biden defending their planned $15 billion merger amid potential blockage.

FILE PHOTO: The logo of Nippon Steel Corporation is displayed at the company headquarters in Tokyo,  Japan in this photo taken by Kyodo May 1, 2019.  Mandatory credit Kyodo/via REUTERS/File Photo
BusinessIndustryInfrastructureNewsPoliticsRegulations

Nippon makes last ditch effort to win Washington’s nod on US Steel deal: source

Nippon Steel executive to meet American officials to salvage $14.9B U.S. Steel bid amid national security review concerns.

FILE PHOTO: A Great Lakes Works sign is seen at the U.S. Steel Great Lakes Works plant in Ecorse, Michigan, U.S., September 24, 2019. Picture taken September 24, 2019. REUTERS/Rebecca Cook/File Photo
BusinessIndustryInfrastructureNewsPoliticsTrade

Nippon Steel exec flies to Washington in last attempt to save US Steel deal: Financial Times

Nippon Steel's vice-chair will meet U.S. officials on Wednesday in an attempt to save its proposed $14.9 billion takeover of U.S. Steel.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
BusinessEconomyIndustryInfrastructureNewsPoliticsTrade

Nippon Steel rebuts US Committee on Foreign Investment’s case against its US Steel bid

Nippon Steel defends its $14.9 billion bid for U.S. Steel, arguing U.S. politics, not security, drive opposition to the deal.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
AnalysisBusinessEconomyIndustryPoliticsTrade

Analysis: Nippon Steel’s US setback a wake-up for Japan Inc’s foreign forays

Japanese firms grow cautious on U.S. deals as Biden may block Nippon Steel’s $15B U.S. Steel bid over security concerns.

Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato
IndustryInfrastructureNewsPoliticsRegulationsTrade

US warns against Nippon merger with US Steel, citing China steel glut

U.S. warns Nippon's $14.9B U.S. Steel bid risks national security by reducing domestic steel supply and production.

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