Nippon Steel Corp

Earnings data Q4 2023

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NIPPON STEEL CORP. engages in the manufacture and trade of steel products. It operates through the following segments: Steelmaking and Steel Fabrication; Engineering and Construction; Chemicals; New Materials; and System Solutions. The Steelmaking and Steel Fabrication segment produces and distributes steel sheets, plates, bars and wire rods, pipes and tubes, and machinery parts. The Engineering and Construction segment develops steel plants, heat management facilities, and industrial machinery and equipment. The Chemicals segment deals with chemical products, carbon materials, and epoxy resin products. The New Materials segment manufactures and trades semiconductors, stainless steel foils, silicon carbide wafers, carbon fibers, and metal substrates for catalytic converters. The System Solutions segment includes information technology infrastructure services. The company was founded in 1886 and is headquartered in Tokyo, Japan.

United States Steel

Japan's Nippon Steel cleared one hurdle in acquiring U.S. Steel with a key vote on Friday even as lawmakers raise red flags about foreign ownership of an American company.

U.S. Steel shareholders vote on controversial Nippon deal

United States Steel announced Friday its shareholders approved the $14.1 billion sale of the company to Japan-based Nippon Steel, which has received pushback from regulators and President Joe Biden, who has opposed the deal and said the U.S. needs to maintain domestic steel companies “powered by American steel workers.”

U.S. Steel Shareholders Approve $14.9 Billion Nippon Steel Sale Amid Biden's Pushback

PITTSBURGH--(BUSINESS WIRE)--Following the special meeting of stockholders (the “Special Meeting”) held earlier today, United States Steel Corporation (NYSE: X) (“U. S. Steel”) announced that, based on the preliminary vote count, U. S. Steel stockholders overwhelmingly voted to approve the proposed merger with Nippon Steel Corporation (NSC) (TSE: 5401). More than 98% of the shares voted at the Special Meeting, representing approximately 71% of the shares of U. S. Steel common stock issued and o.

U. S. Steel Stockholders Approve Transaction with Nippon Steel Corporation (NSC)

U.S. Steel shareholders have voted to approve the proposed $14.9 billion acquisition by Japan's Nippon Steel , taking the merger one step closer towards completion even as political opposition to the deal mounts, Bloomberg News reported on Friday.

U.S. Steel shareholders approve $14.9 bln buyout by Nippon Steel, Bloomberg reports

Nippon Steel's $14.9 billion acquisition of U.S. Steel Corp will be decided by European Union antitrust regulators by May 17, with their approval a formality, a European Commission filing showed.

EU to decide on Nippon Steel's US Steel bid by May 17, approval a formality

The Justice Department will look into the proposed takeover of U.S. Steel by Nippon Steel, according to reports.

U.S. Steel, Nippon Merger Faces Another Hurdle. The Stock Is Down.

The union representing employees of United States Steel on Tuesday said it would not support Japanese firm Nippon Steel's draft agreement to gain support for its takeover of the U.S. company.

U.S. Steel union rejects Nippon Steel's appeal for takeover support

The new president of Nippon Steel reiterates his company's commitment to purchasing U.S. Steel.

U.S. Steel Stock Rises as Nippon Keeps Up Its Pursuit. Investors Are Skeptical.

United States Steel (X) shares remain in focus Monday after Nippon Steel (NPSCY), the Japanese steelmaker that agreed in December to purchase the U.S. steel company for $14.9 billion, reiterated its intention to push ahead with the politically sensitive takeover.

US Steel Stock in Focus as New Nippon Steel Exec Touts Takeover—Key Levels to Watch

Nippon Steel said that its planned acquisition of U.S. Steel for nearly $15 billion wouldn't cause layoffs or plant closures amid resistance from the Biden administration and unions.

Nippon Steel says US Steel acquisition wouldn't cause layoffs, plant closures

United States Steel Corp.'s stock is heading lower for the second straight day on Thursday after President Joe Biden said he's opposed to the proposed $14 billion purchase of the company by Japan's Nippon Steel.

U.S. Steel's stock drops as Biden speaks against buyout by Japan's Nippon Steel

It wasn't too long ago that Great Britain could claim no British-owned automakers of note. Was this a signal of the disappearance of auto manufacturing in the country that gave us Aston Martin, Jaguar, and Rolls-Royce?

To Keep the ‘U.S.' In Steel, Let Nippon Buy U.S. Steel

A senior Nippon Steel executive told Reuters he is set to meet the United Steelworkers (USW) union chief this month to seek support for acquiring U.S. Steel , expressing confidence the deal can be finalised by the end of September.

Nippon Steel exec to meet USW head to seek support for U.S. Steel deal

The United Steelworkers (USW) signed a non-disclosure agreement with Nippon Steel , the union said on Monday, as the Japanese company remains on track to finalize its planned $15 billion acquisition of U.S. Steel.

United Steelworkers signs non-disclosure agreement with Nippon Steel

U.S. Steel has allegedly "sold off to the highest bidder to line their own pockets," according to local union presidents who now worry about their job security and livelihoods.

US steel workers outraged over billion-dollar deal 'selling out' employees to a foreign entity

Sumitomo Mitsui Financial Group , Mitsubishi UFJ Financial Group and Mizuho Financial Group will lend Nippon Steel a combined $16 billion for its planned acquisition of U.S. Steel , Bloomberg reported on Tuesday.

Japan's 3 megabanks to loan Nippon Steel $16 bln for U.S. Steel acquisition -Bloomberg

There has been a rare showing of bipartisanship over the past month; unfortunately, the consensus is founded on economic myths that, if acted upon, would cost jobs, increase inflationary pressures, and weaken economic growth.

Nippon Steel's Purchase Of U.S. Steel Will Improve The Economy

Teck Resources

Teck Resources Ltd (TSX:TECK.B) said on Thursday it has completed its previously announced agreement to sell minority interests in its steelmaking coal business to Japan's Nippon Steel Corp and South Korean steelmaker Posco.  Nippon Steel purchased a 20% stake in Teck's coal business, known as Elk Valley Resources (EVR), in exchange for its prior 2.5% interest in Teck's Elkview coal operations plus US$1.7 billion in cash.

Teck Resources closes sale of coal business stakes to Nippon Steel, Posco

The former corporate colossus is now dwarfed by steel makers in China and India.

U.S. Steel Is No Longer a Force. The Nippon Steel Purchase Puts It Back in the Spotlight.

WASHINGTON — President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan's Nippon Steel, the White House said Thursday after days of silence on a transaction that has drawn alarm from the steelworkers union.

Biden believes U.S. Steel sale to Nippon Steel warrants ‘serious scrutiny,' White House says

WASHINGTON, Dec 21 (Reuters) - The White House on Thursday said Nippon Steel Corp's (5401.T) $14.9 billion proposed acquisition of U.S. Steel Corp (X.N) deserves "serious scrutiny," given the company's core role in domestic steel production that is critical to national security.

Nippon-U.S. Steel deal deserves 'serious scrutiny,' White House says

Dec 21 (Reuters) - Investors are betting Nippon Steel Corp (5401.T) will take longer to complete its $14.9 billion acquisition of U.S. Steel Corp (X.N) because opposition from some U.S. lawmakers and labor unions will lead to regulators scrutinizing the deal more.

Investors see US politics delaying Nippon Steel's U.S. Steel acquisition

Nippon Steel President Eiji Hashimoto says the acquisition would boost economic security, but U.S. politicians and workers object.

A Free-World Champion to Rival China: Nippon Chief's Ambitions for U.S. Steel Deal

Alphabet

Kenvue

Naval taskforce formed to protect commercial vessels in the Red Sea from Houthi rebel attacks.

Naval Task Force; Japanese Takeover

A U.S. industrial icon is being bought at a hefty premium by a Japanese competitor. U.S. politicians are already crying foul—although regulatory arguments against a deal look questionable.

News for Nippon Steel Corp Stock (NPSCY)