Nippon Steel

United States Steel Corp (NYSE:X) and Japan’s Nippon Steel Corporation have received U.S. presidential approval for their landmark partnership, a move poised to inject billions into the American steel industry. What To Know: The decision was formalized through an executive order signed by...

U.S. Steel Corp. (NYSE:X) shares rallied Monday after President Donald Trump approved the company’s takeover by Japan's Nippon Steel. The deal faced opposition and multiple reviews. It’s now clear to close after both firms committed to a series of measures designed to protect U.S....

On Friday, President Donald Trump announced that he is doubling U.S. tariffs on imported steel to 50%, while also endorsing the sale of U.S. Steel (NYSE:X) to Japan's Nippon Steel. What Happened: Speaking at a U.S. Steel facility in West Mifflin, Pennsylvania, Trump called the 50% tariff hike a "...

Japan's Nippon Steel is set to finalize its acquisition of U.S. Steel Corp. (NYSE:X) at $55 per share, according to sources familiar with the matter. The Details: President Donald Trump confirmed his approval of the deal on Friday, describing it as a "partnership" and pledging that the company's...

President Donald Trump announced on Friday that United States Steel Corp. (NYSE:X) and Nippon Steel will enter a partnership, following the Japanese company’s blocked acquisition attempt due to security concerns. The Details: Trump revealed on Truth Social that...

CNBC host Jim Cramer cheered President Donald Trump’s latest comments on the long-pending acquisition of United States Steel Corp. (NYSE:X) by Nippon Steel Corporation (OTC:NPSCY) (OTC:NISTF) Cramer took to X, stating that it was a ‘Smart move blocking Nippon Dumper Steel deal,’...

United States Steel Corp (NYSE:X) shares are getting crushed in Wednesday’s after-hours session after President Donald Trump suggested he doesn’t want to see the company get acquired by Nippon Steel. What Happened: In a press conference from the Oval Office late Wednesday, Trump said he...

Nippon Steel and United States Steel Corp. (NYSE:X) are reportedly negotiating with the Trump administration to revive their $14 billion merger by significantly boosting investments in U.S. Steel's Rust Belt facilities.  The Details: According to a report from Semafor, sources familiar with...

United States Steel Corp (NYSE:X), a giant of American industry, fell into tough times in recent decades. As company management explores merger opportunities, hedge fund manager Stanley Druckenmiller made a large bet on the Pittsburgh, Pennsylvania-based company. What Happened: Druckenmiller’...

U.S. President Donald Trump is contemplating the approval of Nippon Steel‘s (OTC:NPSCY) $14.1 billion bid for U.S. Steel Corp. (NYSE:X) as an investment, rather than a purchase. What Happened: Trump’s unexpected comments came amid Nippon Steel’s year-long pursuit of U.S. Steel,...

During a Friday White House meeting with Japanese Prime Minister Shigeru Ishiba, President Donald Trump hinted that he may be weighing the possibility of allowing Japan's Nippon Steel (OTC:NPSCY) to proceed with its $14.1 billion acquisition of U.S. Steel (NYSE:X), despite his previous opposition...

Nippon Steel (OTC:NPSCY) proposed granting the U.S. government veto power over reductions in U.S. Steel Corp’s (NYSE:X) production capacity in a bid to secure approval from President Joe Biden for its $14.9 billion acquisition of the American steelmaker. The Washington Post, which first...

The stock market experienced a downturn on Monday as the S&P 500 and Nasdaq Composite indices fell from their recent record highs. The S&P 500 decreased by 0.3% and the Nasdaq Composite dipped by 0.25%. Despite these setbacks, both indices had recorded gains over the previous three weeks....

United States Steel Corp. (NYSE:X) shares plunged Tuesday following a report that President Joe Biden will block the company's proposed deal with Nippon Steel.  The Details: People familiar with the matter told Bloomberg that Biden views the sale as a national security risk. The Committee on...

President-elect Donald Trump will soon return to the White House and begin his second term. In contrast to 2016, when he was a "political question mark," the international community is now bracing for his protectionist trade policy stances. Although tariffs present a risk for multinational...