Nippon Steel News

Cleveland-Cliffs CEO Confident in Financing $7 Billion Bid for US Steel

Cleveland-Cliffs Inc. CEO Lourenco Goncalves is confident in financing a $7 billion bid for US Steel, with plans ready if Nippon Steel's deal collapses. He's backed by major financ...

Dow Surges 250 Points at Opening: A Deep Dive into Market Data and Rivian's Stellar Performance

Major U.S. stock markets opened higher, with Rivian Automotive surging 5.58% after exceeding Q4 delivery expectations. President Biden blocks Nippon Steel's bid for US Steel, while...

President Biden Blocks Nippon Steel's $14.9 Billion Acquisition of US Steel

President Biden has blocked Nippon Steel's $14.9 billion acquisition of US Steel, citing national security and supply chain risks. The decision underscores the importance of keepin...

US Steel Shares Plunge Over 7% Amid Failed Nippon Steel Acquisition Deal

US Steel's stock fell over 7% following the collapse of its acquisition deal with Nippon Steel, after President Biden decided to block the sale. The market reacted sharply, highlig...

President Biden Moves to Block Nippon Steel's Acquisition of US Steel Amid National Security Concerns

President Biden is reportedly set to block the sale of US Steel to Nippon Steel, citing national security concerns and potential impacts on domestic production. Nippon Steel's rece...

US Security Panel's Uncertainty Over Nippon Steel's Acquisition of U.S. Steel

The U.S. Treasury has informed Nippon Steel that the panel reviewing its proposed purchase of U.S. Steel has not yet reached an agreement on addressing security concerns, according...

Trump Vows to Revive US Steel with Tax Incentives and Tariffs

U.S. President-elect Donald Trump opposes the acquisition of U.S. Steel by Nippon Steel of Japan, vowing to revitalize the American steel industry through tax incentives and tariff...