Steel News

Nippon Steel Promises No Exports at U. S. Steel’s Expense

18 November 2024 - Nippon Steel Corp. is promising the United Steelworkers union that it won’t direct shipments from its Japanese mills to U.S. customers as part of its planned acquisition of United States Steel Corporation.

Report: Nippon Steel to Visit With U. S. Steel Union Members

14 November 2024 - A Nippon Steel Corp. executive will be traveling to Pittsburgh, Pa., USA, to meet with members of union locals serving U. S. Steel's Mon Valley Works, reports the Bloomberg news service.

With Election Settled, Nippon Steel Hopes to Close U. S. Steel Deal

07 November 2024 - Despite president-elect Donald Trump’s promises to block the United States Steel Corporation acquisition, Nippon Steel Corp. executives are hoping they can close the deal before the end of the year.

Salzgitter Receives Potential Takeover Bid

06 November 2024 - Salzgitter will weigh a potential takeover offer from a major shareholder and a partner, the German steelmaker has said.

Cleveland-Cliffs Closes Deal to Acquire Stelco

04 November 2024 - Cleveland-Cliffs has closed its acquisition of flat-rolled producer Stelco, finalizing a deal that gives Cliffs a manufacturing presence in Canada.

Cleveland-Cliffs Receives Regulatory Clearance for Stelco Acquisition

30 October 2024 - Cleveland-Cliffs Inc. said it expects to close its acquisition of Canada’s Stelco on Friday after clearing its final regulatory hurdle.

voestalpine Divests German Tool Steel Manufacturer

23 October 2024 - voestalpine has agreed to sell German tool and engineering steelmaker Buderus Edelstahl to private equity firm Mutares SE & Co. KGaA for an undisclosed amount.

Aperam to Establish U.S. Presence Through Universal Stainless Acquisition

17 October 2024 - Pittsburgh-based Universal Stainless & Alloy Products Inc. is being sold to Aperam in a cash deal valued at US$539 million, the companies announced Thursday.

Nippon Steel to Divest Stake in Alabama Rolling Mill

15 October 2024 - Nippon Steel Corp. will sell its 50% stake in AM/NS Calvert to partner ArcelorMittal, if Nippon Steel finalizes its acquisition of United States Steel Corporation, the company announced.

Stelco Acquisition Clears Another Regulatory Hurdle

09 October 2024 - Canadian antitrust regulators have given the green light to Cleveland-Cliffs Inc.’s acquisition of Ontario-based Stelco.

Justice Department OKs Cliffs-Stelco Deal

09 October 2024 - The sale of Canadian steelmaker to U.S.-based Cleveland-Cliffs Inc. has cleared a U.S. Justice Department antitrust review, Cliffs announced on Tuesday.

Jindal Group to Acquire Czech Republic’s Vítkovice Steel

09 October 2024 - Czech plate producer Vítkovice Steel is being acquired by India’s Jindal Group, which plans to invest up to EUR150 million in the Ostrava company.

U. S. Steel: Nippon Steel Merger Will Bring Significant Economic Gains to Pennsylvania

02 October 2024 - United States Steel Corporation estimates that a promised investment in its Mon Valley Works would translate into nearly US$1 billion in incremental economic impact to Pennsylvania over the next two years.

Harris: Domestic Ownership of U. S. Steel Trumps Potential Job Losses

26 September 2024 - U.S. presidential candidate Kamala Harris on Wednesday reiterated her support for a domestically owned United States Steel Corporation, saying that control of the company outweighs the potential for job losses, reports the Bloomberg news service.

Arbitration Panel Rules For U. S. Steel in Merger Dispute

25 September 2024 - Arbitrators have sided with United States Steel Corporation in a union dispute over the execution of its planned merger with Nippon Steel Corp.

Nippon Steel to Sell Stake in POSCO

24 September 2024 - Nippon Steel Corp. will divest its US$823 million stake in South Korea’s POSCO Holdings Inc., a move that it says will “improve asset efficiency through asset compression.”

Stelco Merger Receives OK from Provincial Court, Shareholders

19 September 2024 - A Canadian court and Stelco shareholders have approved a planned sale of the company to Cleveland-Cliffs Inc., according to company announcements.

Report: Decision on U. S. Steel Acquisition Likely to Come After Election

18 September 2024 - Nippon Steel Corp. has won permission to refile its plan for acquiring United States Steel Corporation, an action that will likely delay a decision on the merger until after the November election, reports the Bloomberg news service.

EAF Components Supplier Erie Copper Acquired

18 September 2024 - Combustion solutions provider American Combustion International (ACI) has acquired Ohio-based Erie Copper Works, a strategic deal that will expand the company’s product lineup.

SEC Fines Esmark, Bouchard Over U. S. Steel Offer

06 September 2024 - Esmark Inc. and its chairman will pay US$600,000 to settle Securities and Exchange Commission (SEC) charges that they made an offer to buy United States Steel Corporation despite having the financial wherewithal to complete such a deal.