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The Latest Breaking News from Nippon Steel

Nippon Steel Makes Anti-Import Vow To Save US Steel Deal Amid New Tariffs

The Japanese steelmaker aims to complete the takeover of United States Steel Corp before President-elect Donald Trump, who had vowed to block the acquisition during his campaign, assumes office in January.

International Business Times

Here’s why the United Steelworkers oppose Nippon’s takeover of U.S. Steel

'When U.S. Steel CEO David Burritt declares how good the Nippon deal will be for workers, I’m not going to take him at his word,' writes USW's David McCall.

Fortune

US Steel CEO Says Sale To Nippon Must Happen For Company To Succeed, Save Jobs

Dismissing national security concerns, David Burritt said once the deal is finalized, the Japanese company will have to abide by U.S. trade laws. He added that the board will predominantly consist of U.S. citizens overseeing operations.

International Business Times

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How U.S. Steel's long, painful decline turned into a political lightning rod

Unions, Japanese takeovers, and Pennsylvania have all conspired to make the proposed deal for U.S. Steel a hot election year issue.

Fortune

Decision on US Steel takeover by Nippon delayed until after election

The Biden administration granted the request of Nippon Steel for an extended review on the planned takeover of U.S. Steel.

International Business Times

Businesses Warn Yellen On 'Political Pressure' Over US Steel Sale

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

International Business Times

U.S. Steel National Security Concerns Spark Political Debate

Debate over the potential takeover of a U.S. steel company by Nippon Steel raises concerns about national security and economic impact.

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White House Signals Openness To Blocking U.S. Steel Acquisition

The White House considers blocking Nippon Steel's acquisition of U.S. Steel amid national security concerns and opposition from key figures.

Top News

Washington attacks on Nippon’s bid for U.S. Steel puts ally Japan’s spot in ‘friends and family list’ into doubt

“If the U.S. draws up a friends and family list and Japan is not on that list, then I’d question [what country] would make that list.”

Fortune

Biden Expected To Block Nippon Steel Deal; US Steel Shares Plunge

Amid the ongoing issue, U.S. Steel CEO David Burritt warned that if the acquisition isn't pushed through, thousands of U.S. union jobs could be at risk.

International Business Times

Leave U.S. Steel Alone

Joe Biden, Donald Trump, Kamala Harris, and J.D. Vance agree that U.S. Steel needs to be controlled from Washington. They are all wrong.

Reason

US Steel Warns Plants Could Close Without Nippon Sale

United States Steel warned Wednesday it could shut its headquarters and factories in Pennsylvania, a key swing state in the upcoming election, if a takeover by Japan's Nippon Steel is blocked.

International Business Times

Nippon Steel Ensures U.S. Leadership In Proposed U.S. Steel Takeover

Nippon Steel revealed that majority of the board of directors of U.S. Steel will be Americans in case the deal pushes through.

International Business Times

Harris campaign to transfer $25m to down-ballot Democrats – live

Kamala Harris ‘believes that this race is about mobilizing the entire country’, the campaign said in a statement about the fund transfer

The Guardian - US

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International Business Times

Harris Opposes Sale Of US Steel To Japan's Nippon, Says Firm Should Stay 'American-Owned'

Vice President Kamala Harris expressed her opposition on the planned sale of U.S. Steel to Nippon Steel.

Top News

US Steel Acquisition By Nippon Steel Approved

Vice President Harris and President Biden support US Steel remaining American-owned, opposing its sale to Japan's Nippon Steel due to national security con...

The Guardian - US

Harris and Biden pitch for steel votes in Pittsburgh in first joint appearance on campaign trail

Kamala Harris and Joe Biden join forces in Labor Day outing, their first joint event since Harris accepted Democratic nomination for presidency

Top News

Vice President Harris Supports Keeping US Steel American-Owned

Vice President Kamala Harris and President Joe Biden stand against the sale of US Steel to Nippon Steel, emphasizing the importance of American-owned steel...

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Fortune

Kamala Harris will say US Steel should not be sold to Japan

US Steel said that it remained committed to a proposed deal with Nippon Steel.

Top News

Nippon Steel Increases Capital Commitment For U.S. Steel Acquisition

Nippon Steel increases capital commitment by Nippon Steel Increases Capital Commitment For U.S. Steel Acquisition.3 billion to upgrade U.S. Steel plants amidst opposition. Political and labor groups express concerns over ...

AAP

Japan's steel giants dig deep for Australian coal

Production at one of Australia's biggest coal mines could be extended beyond 50 years under joint venture deals, with the buyers warned to brace for backlash.

The Independent UK

China's Baosteel to buy out Nippon Steel's 50% stake in auto steel venture

China’s Baosteel says it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million

Top News

U.S. Steel's Potential Sale To Nippon Steel Sparks Political Turmoil

The potential acquisition of U.S. Steel by Nippon Steel Corp. sparks debates in Pittsburgh, reflecting changing priorities and concerns about the steel ind...

The Independent UK

Sale of US Steel kicks up a political storm, but Pittsburgh isn't Steeltown USA anymore

Pittsburgh's most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that's kicking up an election year political maelstrom

International Business Times

Nippon Steel Fight Points To Industry's Uncertain Future In Pennsylvania

Nippon Steel's proposed acquisition of United States Steel has been a source of unease in Pittsburgh, where the metal once dominated the economy and still looms large in the collective psyche.

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