Nippon Steel

President-elect Donald Trump has reiterated his opposition to the acquisition of United States Steel Corp. (NYSE:X) by Japan’s Nippon Steel Corp. (OTC:NPSCY) in a Truth Social post on Monday. What Happened: Trump stated his intention to prevent the deal, emphasizing his commitment to...

United States Steel Corporation (NYSE:X) CEO David Burritt says he is confident that the company's potential merger with Japan's Nippon steal will go through, despite the Biden administration’s opposition to the deal. In a speech to the Detroit Economic Club Tuesday, Burritt said that the...

United States Steel Corporation (NYSE:X) are down over 16% since Wednesday morning after the Biden administration expressed intentions to block Nippon Steel Corporation's $14.9-billion acquisition of the American company. This has been referred to as a national security concern by President Joe...

President Joe Biden is preparing to formally block Nippon Steel Corp’s (OTC:NPSCY) nearly $15-billion acquisition of United States Steel Corp (NYSE:X), according to a Wednesday Washington Post report citing three people with knowledge of the matter. The move from the Biden administration...

In a recent development, U.S. Steel (NYSE:X) has indicated that it may consider shutting down its steel mills and potentially relocating its headquarters from Pittsburgh if its proposed sale to Japan’s Nippon Steel (OTC:NISTF) does not materialize. What Happened: David Burritt, the CEO of U.S...

Vice President Kamala Harris has expressed her support for American ownership of United States Steel Corporation (NYSE:X), amidst ongoing foreign acquisition attempts. What Happened: On Monday, Harris, the Democratic presidential nominee, took to X to voice her opinion on the future of U.S. Steel....

The Vice Chairman of Nippon Steel, Takahiro Mori, is gearing up for another trip to the United States to continue discussions on the proposed acquisition of U.S. Steel (NYSE:X). What Happened: Mori’s upcoming visit will be his third to the U.S. in recent months, emphasizing the importance of...

In the face of mounting resistance from the Biden administration and the United Steelworkers (USW) union, Nippon Steel Corp (OTC:NISTY) is intensifying efforts to secure the acquisition of United States Steel Corp (NYSE:X). What Happened: Vice Chairman Takahiro Mori of Nippon Steel is set to return...

In the face of political opposition and union apprehensions, Nippon Steel remains resolute in its $14.9 billion acquisition of US Steel (NYSE:X). What Happened: During the company’s annual results announcement, Chair Takahiro Mori acknowledged the political controversy surrounding the deal...

Amid rising tensions over foreign investments in key industries, a U.S. Senator has urged the Biden administration to scrutinize a major steel industry deal. What Happened: The chair of the U.S. Senate Banking Committee has prompted the White House to investigate Nippon Steel‘s potential...

Donald Trump’s recent announcement to impede Nippon Steel’s (OTC:NPSCY) proposed acquisition of United States Steel (NYSE:X) could have significant implications for Japan. The potential failure of the $15 billion deal may prompt Japanese companies to adopt a more cautious approach to...

The White House has voiced apprehensions over the proposed $14.1 billion acquisition of U.S. Steel (NYSE:X) by Japan’s Nippon Steel (OTC:NPSCY), pointing towards potential national security implications and supply chain effects. What Happened: The Wall Street Journal reported that the deal...

As the week leading to Christmas begins, Wall Street continues its upward trajectory, with major indices like the S&P 500 and Nasdaq 100 showing gains on Monday. The S&P 500 rose 0.45% to 4,740, while Nasdaq gained 0.62% to 14,905.19 for the day. Transitioning from the broader market, let...

United States Steel Corporation (NYSE: X) announced Monday that it will be acquired by Japan-based Nippon Steel Corporation in a transaction valuing the company at $14.9 billion. Several prominent figures voiced strong reactions to the deal, including U.S. Senator John Fetterman (D-PA)...

Cleveland-Cliffs, Inc. (NYSE: CLF) shares are trading higher Monday after the company issued a statement regarding the proposed acquisition of U.S. Steel by Nippon Steel. What To Know: Lourenco Goncalves, CEO of Cleveland-Cliffs, said, "We identified U.S. Steel as an extremely undervalued...