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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
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.
JCD Steel Under New Ownership
06 January 2025 - Florida-based JCD Steel, a supplier of steel pipes and oil country tubular goods (OCTG) for the oil and gas industry, has been sold
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.
