Sunday, 19 January 2025

Focus on US Steel

The deal worth $14.9 billion including debts is being reviewed in Washington (AFP)
BusinessEconomyIndustryInfrastructureManufacturingNewsPoliticsRegulationsTrade

Nippon Steel slams ‘inappropriate’ politics in US deal

Nippon Steel issued the statement in response to a news report suggesting that President Biden might block its acquisition of US Steel.

FILE PHOTO: A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan U.S., September 16, 2024.  REUTERS/Rebecca Cook/File Photo
BusinessEconomyGreen SteelIndustryInfrastructureManufacturingNewsPoliticsRegulationsTrade

Biden plans to block Nippon Steel purchase of US Steel, Bloomberg News reports

President Biden plans to block Nippon Steel's $15B U.S. Steel takeover on national security grounds, Bloomberg reports.

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

Nippon Steel committed to U.S. Steel takeover, aims to close in Dec, says executive

Nippon Steel remains committed to its $15B U.S. Steel acquisition, confident of closing by year-end despite U.S. opposition.

Embattled US Steel has argued that it needs the Nippon deal to ensure sufficient investment in its Mon Valley plants in Pennsylvania (AFP)
BusinessEconomyIndustryManufacturingNewsPoliticsRegulations

Trump says will ‘block’ Nippon Steel from taking over US Steel

Trump vows to block Nippon Steel's $14.9B US Steel takeover, citing protectionism, as Biden review nears conclusion.

An aerial view shows Nippon Steel East Nippon Works Kimitsu Area in Kimitsu, east of Tokyo, Japan in this photo taken by Kyodo November 7, 2023. Kyodo/via REUTERS
EconomyGreen SteelIndustryManufacturingNewsPoliticsRegulationsTrade

Japan PM Ishiba urges Biden to approve Nippon-US Steel deal, sources say

Japanese PM Ishiba urges Biden to approve Nippon Steel's acquisition of U.S. Steel, highlighting its benefits to U.S.-Japan ties.

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

Nippon Steel not to import from overseas mills in bid to save U.S. Steel deal

Nippon is looking to close its $14.9 billion deal for U.S. Steel by the end of the year before President-elect Trump enters the...

FILE PHOTO: A general view of the U.S. Supreme Court building in Washington, U.S., June 1, 2024. REUTERS/Will Dunham/File Photo
ClimateCourtsEmissionsEnvironmentIndustryNatural GasNewsPoliticsRegulations

US Supreme Court blocks EPA’s ‘Good Neighbor’ air pollution plan

The U.S. Supreme Court blocked an EPA regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states.

News ReleaseGreen SteelManufacturing

Leading steel companies and NGOs agree to International Standard on climate for industry

Additions to the ResponsibleSteel standardnow approved September 14 2022 Created by ResponsibleSteel members, including some of the world’s largest steel companies and most...

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