Nippon Steel is looking to revive its plan to purchase iconic American steelmaker US Steel, despite President Donald Trump’s statements earlier this month that it is only interested in an “investment” and his pledge not to allow it to buy a controlling stake.
U.S. President Donald Trump has stated that U.S. Steel will remain an American company and Nippon Steel will "invest heavily" in it. This implies that the Japanese firm would have a non-controlling but substantial stake in U.S. Steel.
Tokyo’s “don’t poke the beast” approach to Donald Trump’s trade war was foreshadowed by Prime Minister Shigeru Ishiba’s preemptive concessions on Nippon Steel (NS) during his February 7th
Nippon Steel's president reaffirms commitment to U.S. Steel acquisition, seeking Trump's approval despite his preference for investment only.
ArcelorMittal's India joint venture has warned it may have to severely curtail steelmaking in the country and delay its expansion plans due to New Delhi's import restrictions on a key raw material, a company letter to the government showed.
Union alleges the company "initiated a coordinated attack, attempting to ... undercut our collective power by turning us against each other.”
Ancora urges U.S. Steel to delay annual meeting until after Nippon Steel acquisition deadline, citing need for clarity on the deal's future.
To meet its target of raising its annual crude steel production capacity to over 100 million metric tons, the firm needs to forge ahead into promising foreign markets.
While Trump has said Nippon Steel will not have a majority stake in U.S. Steel, Imai reiterated his company's intention to take over the iconic but struggling American counterpart.
ArcelorMittal Nippon Steel will set up India’s largest plant in Andhra Pradesh, says Industries Minister T.G. Bharat. The shore-based unit, with a capacity of 17.80 Million Tons Per Annum and potential to provide one lakh jobs,
Industries minister T.G. Bharat has said Andhra Pradesh is all set to welcome the ArcelorMittal-Nippon Steel plant in Nakkapalli mandal of Anakapalli district.