Nippon Steel
Nippon Steel increased steel supplies by 1.8% y/y in FY2023/2024

Consolidated steel production in this period increased by 0.5% annually
US Steel shareholders approve Nippon Steel’s $14.9 billion offer

More than 98% of votes were cast in favor of the deal
EU considers acquisition of US Steel by Japanese Nippon Steel

Antitrust decision on the deal is expected in mid-May
US Senator calls for investigation into possible ties between Nippon Steel and China

At the same time, the United Steelworkers rejected the Japanese company's request to support the takeover
Tenova will supply a pilot direct reduction unit for Nippon Steel

The installation will be built in the research center of the Japanese steel producer
Nippon Steel intends to finalize the acquisition of US Steel

US President expresses concern over foreign ownership of US Steel
A potential deal between US Steel and Nippon Steel will bring new opportunities to Slovakia

At the same time, state support will be crucial for the decarbonization of US Steel Kosice
Nippon Steel increased steel production by 2% y/y in October-December

In the third quarter of the 2023/2024 financial year, consolidated steel output amounted to 10.26 million tons
Nippon Steel aims to close the deal with US Steel in September

The Japanese company intensified negotiations with interested parties
Japanese megabanks to provide Nippon Steel with $16 billion to acquire US Steel

The Japanese steelmaker may issue bonds and new shares to raise funds after the takeover is completed
Multinational companies call for an objective review of the US Steel deal

The appeal appeared amid strong criticism of the acquisition of an American steel company
US Steel sale review could last until 2025 – Bloomberg

The terms contrast with the intention of the parties, who expect to close the deal in the spring or by the fall of 2024.

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