Steel News

Trump Approves Nippon Steel’s US$14.9 Billion Purchase of U. S. Steel

16 June 2025 - U.S. President Donald Trump has approved Nippon Steel’s US$14.9 billion bid for United States Steel Corporation after both companies signed an agreement with the Treasury Department resolving national security concerns, reported Reuters.

Report: Trump Says U.S. Has “Golden Share” in U. S. Steel

13 June 2025 - U.S. President Donald Trump said part of a potential deal for Nippon Steel to buy United States Steel Corporation includes the U.S. having a “golden share” in the company, Reuters reported.

Trump Says He's Supporting Nippon Steel-U.S. Steel 'Partnership'

27 May 2025 - President Donald Trump appears to be backing Nippon Steel’s acquisition of United States Steel Corporation, stating in a Truth Social post that the “planned partnership” will create thousands of jobs and inject billions into the economy.

Steel Industry Awaits Trump Decision on U. S. Steel

22 May 2025 - The Committee on Foreign Investment in the United States has forwarded a recommendation on the United States Steel Corporation and Nippon Steel Corp. merger, but details of the recommendation have not been disclosed, the Reuters news service reports.

Report: Nippon Steel Proposes Even Greater U. S. Steel Mill Investments

20 May 2025 - Nippon Steel Corp. would invest US$10 billion in United States Steel Corporation and build a greenfield mill if it wins approval to acquire the company, reports the Reuters news service.

Nippon Yakin Kogyo Produces First Coil on New HZ-Mill

20 March 2025 - Japanese stainless steel producer Nippon Yakin Kogyo has successfully produced the first coil on its new HZ-Mill at the Kawasaki plant, engineered and supplied by Primetals Technologies.

Nippon Steel’s Point Person for U.S. Steel Acquisition Returns to U.S.

14 February 2025 - Nippon Steel Corp. has dispatched vice chairperson Takahiro Mori to the United States to establish a framework for discussion with the Trump administration over the U. S. Steel acquisition, reports The Japan Times.

Report: Nippon Steel to Invest In, Rather Than Buy, U. S. Steel

07 February 2025 - President Donald Trump on Friday said Nippon Steel Corp. would drop plans to acquire United States Steel Corporation and instead invest in the company.

USW President Seeks Dismissal of U. S. Steel Lawsuit

05 February 2025 - The president of the United Steelworkers union has asked a judge to toss out a lawsuit against him, calling it frivolous, reports the Reuters news service.

Nippon Steel Looks to Fully Acquire Sanyo Special Steel

03 February 2025 - Nippon Steel Corp. is launching a JPY70.5 billion (US$464.2 million) tender offer for Sanyo Special Steel, saying that it will be better able to navigate an increasingly complicated global special steel business as a wholly owned subsidiary.

Investment Firm Seeks to End Nippon Steel Merger

27 January 2025 - A Cleveland investment firm has launched a proxy battle over United States Steel Corporation, arguing that the Nippon Steel merger should be abandoned and that its future should be as a stand-alone entity.

Cleveland-Cliffs CEO Restates Interest In Buying U.S. Steel

13 January 2025 - With the United States Steel Corporation - Nippon Steel merger heading to court, Cleveland-Cliffs Inc. chief executive officer said he wants to buy the company, should the deal ultimately fail.

McConnell: U. S. Steel Decision Is a Disservice to the Country

09 January 2025 - President Joe Biden’s decision to block the sale of United States Steel Corporation is a gift to organized labor that comes at the country's expense, U.S. Senate Minority Leader Mitch McConnell wrote in Wednesday’s The Wall Street Journal.

Nippon Steel Chairman: No Reason to Give Up on U. S. Steel Deal

07 January 2025 - Nippon Steel Corp. has but one plan for its blocked acquisition of United States Steel Corporation — fight the decision in court.

U. S. Steel, Nippon Steel File Lawsuits Over Blocked Merger

06 January 2025 - United States Steel Corporation and Nippon Steel Corp. are appealing President Joe Biden's disapproval of their planned merger and suing the United Steelworkers union president as well as rival Cleveland-Cliffs Inc., contending that they colluded to thwart the deal.

Labor Caucus Tells Biden to “Repudiate” U. S. Steel Deal

18 December 2024 - The Congressional Labor Caucus has written to U.S. President Joe Biden, asking him to strongly repudiate Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, the Bloomberg news service reports.

Bloomberg Report Says Biden Intends to Halt U. S. Steel Deal

11 December 2024 - President Joe Biden plans to follow through on a pledge to block Nippon Steel Corp.’s acquisition of United States Steel Corporation, according to a Bloomberg report.

Report: Nippon Steel Shares Details on U. S. Steel Investment Plans

09 December 2024 - Seeking support from the United Steelworkers (USW) union for its acquisition of United States Steel Corporation, Nippon Steel Corp. has made new commitments as to the timing and purpose of its previously announced US$1.4 billion investment in the iconic steelmaker. United States Steel Corporation.

Nippon Steel Remains Confident About U.S. Steel Transaction

05 December 2024 - Nippon Steel Corp. believes it can close its acquisition of United States Steel Corporation by year’s end, in spite of opposition from President-elect Donald Trump.

Commerce Department Wants to Raise Tariffs on Nippon Steel

19 November 2024 - Just as Nippon Steel Corp. promised unionized United States Steel Corporation workers that it wouldn’t export slabs at the company’s expense, the U.S. Commerce Department proposed to push up tariffs on Nippon imports.