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Nippon Steel

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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. 

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.”

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. 

Harris Joins Biden in Opposing U. S. Steel Sale

03 September 2024 - U.S. Vice President Kamala Harris said she disapproves of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, arguing that the company should remain domestically owned. 

Nippon Steel Promises Additional Investment in Mon Valley, Gary Works

29 August 2024 - Nippon Steel Corp. plans to invest an additional US$1.3 billion, if not more, in United States Steel Corporation’s Mon Valley and Gary works, should it finalize its acquisition of the iconic American steelmaker.