Nippon Steel News — GMK Center https://gmk.center/en/tag/nippon-steel-en/ This is an informational-analytical, discussion platform Thu, 18 Jun 2026 08:42:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png Nippon Steel News — GMK Center https://gmk.center/en/tag/nippon-steel-en/ 32 32 <![CDATA[Nippon Steel forecasts steady growth in the US market]]> https://gmk.center/en/news/nippon-steel-forecasts-steady-growth-in-the-us-market/ Thu, 18 Jun 2026 08:42:19 +0000 https://gmk.center/?post_type=news&p=125164 Nippon Steel, the world’s third-largest steel producer, expects the US market to continue growing steadily thanks to import tariffs and robust demand. This could boost the profits of its subsidiary, US Steel, beyond current forecasts. Reuters reports this, citing the company’s vice-chairman, Takahiro Mori. A year ago, Nippon Steel completed its $14.9 billion takeover of […]

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]]> <![CDATA[Nippon Steel increased steel production by 27.5% y/y in the FY2025/2026]]> https://gmk.center/en/news/nippon-steel-increased-steel-production-by-27-5-y-y-in-the-fy2025-2026/ Thu, 14 May 2026 14:34:09 +0000 https://gmk.center/?post_type=news&p=123677 Nippon Steel, Japan’s largest steel producer, announced its financial and operating results for the 2025/2026 fiscal year, which ended on March 31, and also reported on the restructuring of its European business. This was reported by SteelOrbis. In the fiscal year in question, the company recorded a net profit of 44.75 billion yen ($283.52 million), […]

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]]> <![CDATA[Nippon Steel has begun the transition to EAF at its Kyushu Works facility]]> https://gmk.center/en/news/nippon-steel-has-begun-the-transition-to-eaf-at-its-kyushu-works-facility/ Fri, 17 Apr 2026 10:08:28 +0000 https://gmk.center/?post_type=news&p=122688 Japanese steelmaker Nippon Steel has begun transitioning from blast furnace production to electric arc furnace (EAF) production at its Kyushu Works facility, marking a significant step in its decarbonization strategy. This was reported by Japan Metal Daily. The new EAF will have a capacity of approximately 2 million tons per year and is expected to […]

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]]> <![CDATA[Nippon Steel and JFE Steel raise sheet prices amid rising costs]]> https://gmk.center/en/news/nippon-steel-and-jfe-steel-raise-prices-for-flat-steel-products-amid-rising-costs/ Thu, 12 Mar 2026 07:41:56 +0000 https://gmk.center/?post_type=news&p=121295 Leading Japanese steelmakers Nippon Steel and JFE Steel have announced price increases for domestically produced sheet steel. Steelmakers cite rising raw material costs, operating expenses, and logistics costs. Nippon Steel, according to BigMint, has announced a price increase of 10,000 yen per ton ($63/t) for thin-gauge rolled steel supplied to distributors and secondary processors in […]

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]]> <![CDATA[Nippon Steel Trading invests $6.3 million in Malaysian producer Leform]]> https://gmk.center/en/news/nippon-steel-trading-invests-6-3-million-in-malaysian-producer-leform/ Mon, 09 Mar 2026 12:15:02 +0000 https://gmk.center/?post_type=news&p=121100 Malaysian steel pipe and flat steel producer Leform Berhad will attract a strategic investor in the form of NST Trading Malaysia Sdn Bhd, a subsidiary of Nippon Steel Trading Corporation. The parties have signed a private placement agreement under which Leform plans to raise approximately $6.3 million (25 million Malaysian ringgit). Under the terms of […]

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]]> <![CDATA[Excess supply due to Chinese exports coming to an end – CFO Nippon Steel]]> https://gmk.center/en/news/excess-supply-due-to-chinese-exports-coming-to-an-end-cfo-nippon-steel/ Fri, 20 Feb 2026 08:34:04 +0000 https://gmk.center/?post_type=news&p=120390 The oversupply of steel caused by rapid growth in Chinese exports may finally be coming to an end, opening up opportunities for a recovery in Asian markets. This opinion was expressed by Nippon Steel CFO Takahiko Iwai in an interview with Bloomberg. According to him, Chinese exporters are finding it difficult to profit from overseas […]

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]]> <![CDATA[Nippon Steel increased steel production by 23.3% in April-December]]> https://gmk.center/en/news/nippon-steel-increased-steel-production-by-23-3-in-april-december/ Fri, 06 Feb 2026 10:01:07 +0000 https://gmk.center/?post_type=news&p=119736 Japan’s largest steel producer, Nippon Steel, increased its steel output by 23.3% year-on-year to 36.61 million tons in the first nine months of fiscal year 2025/2026 (April-December 2025), according to SteelOrbis. Shipments of steel products for the period decreased by 2.4% year-on-year – to 23.31 million tons. The company expects its steel production to reach […]

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]]> <![CDATA[AMNS India plans to triple its steel production capacity by 2030]]> https://gmk.center/en/news/amns-india-plans-to-triple-its-steel-production-capacity-by-2030/ Tue, 16 Dec 2025 12:31:52 +0000 https://gmk.center/?post_type=news&p=117696 AMNS India (a joint venture between ArcelorMittal and Japan’s Nippon Steel) aims to reach steel production capacity of 25-26 million tons by 2030, according to the company’s CEO Dilip Oommen, as reported by Realty Plus Magazine. This is almost three times the current production volume. Thus, AMNS India emphasizes its long-term confidence in the demand […]

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]]> <![CDATA[Nippon Steel plans to invest $39 billion in expanding production by 2030]]> https://gmk.center/en/news/nippon-steel-plans-to-invest-39-billion-in-expanding-production-by-2030/ Fri, 12 Dec 2025 11:12:09 +0000 https://gmk.center/?post_type=news&p=117540 Nippon Steel, Japan’s largest steel producer, plans to invest 6 trillion yen (about $39 billion) over the next five years as part of its new medium-term business plan, according to a company statement. The goal is to increase profits at home and abroad. The announced amount includes planned investments of about $11 billion in US […]

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]]> <![CDATA[POSCO sells its entire stake in Nippon Steel]]> https://gmk.center/en/news/posco-sells-its-entire-stake-in-nippon-steel/ Thu, 27 Nov 2025 12:00:11 +0000 https://gmk.center/?post_type=news&p=116746 South Korean steel producer POSCO Holdings will sell its remaining stake in Japanese company Nippon Steel, BusinessKorea reports. After selling half of its stake in September, POSCO will also liquidate the rest. The company is expected to receive more than 200 billion won (approximately $136.51 million) in additional cash. POSCO received 25.3 billion yen ($237.5 […]

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]]> <![CDATA[US Steel presented an $11 billion investment plan in partnership with Nippon Steel]]> https://gmk.center/en/news/us-steel-presented-an-11-billion-investment-plan-in-partnership-with-nippon-steel/ Wed, 05 Nov 2025 10:07:11 +0000 https://gmk.center/?post_type=news&p=115465 American steel producer United States Steel Corp (US Steel) has announced that it is launching a multi-year growth plan in partnership with Nippon Steel. This is stated in the company’s press release. In June this year, Nippon Steel acquired US Steel for more than $14 billion, ending a months-long battle for the takeover. As part […]

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]]> <![CDATA[Nippon Steel to merge three pipe subsidiaries to optimize operations]]> https://gmk.center/en/news/nippon-steel-to-merge-three-pipe-subsidiaries-to-optimize-operations/ Tue, 07 Oct 2025 08:13:01 +0000 https://gmk.center/?post_type=news&p=114149 Japanese steel company Nippon Steel has announced plans to merge three subsidiaries: Nittetsu Katakura Steel Tube, Tsurumi Steel Tube, and Nippon Steel Fine Tube. The aim of this move is to respond to structural changes in the market. The three companies supply a wide range of steel pipes for the automotive, construction, and industrial equipment […]

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]]> <![CDATA[Nippon Steel acquires 30% stake in Canadian iron ore project Kami]]> https://gmk.center/en/news/nippon-steel-acquires-30-stake-in-canadian-iron-ore-project-kami/ Wed, 01 Oct 2025 08:02:07 +0000 https://gmk.center/?post_type=news&p=113926 Japan’s Nippon Steel Corporation has announced the completion of an agreement with Australia’s Champion Iron Limited and Japan’s Sojitz Corporation to acquire a stake in the Kami iron ore deposit in Newfoundland and Labrador, Canada. The parties have formed a joint venture, Kami Iron Mine Partnership, which will be responsible for the preparation and development […]

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]]> <![CDATA[Nippon Steel plans to double steel production in the US in 5 years – CEO]]> https://gmk.center/en/news/nippon-steel-plans-to-double-steel-production-in-the-us-in-5-years-ceo/ Fri, 11 Jul 2025 09:48:46 +0000 https://gmk.center/?post_type=news&p=111289 Nippon Steel plans to double steel production in the US within 3-5 years. This was announced in an interview with The Yomiuri Shimbun by Eiji Hashimoto, chairman of the board of directors and chief executive officer of the Japanese company. The company plans to achieve this by improving production efficiency at US Steel, the acquisition […]

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]]> <![CDATA[Nippon Steel to raise $5.6 billion to finance deal with U.S. Steel]]> https://gmk.center/en/news/nippon-steel-to-raise-5-6-billion-to-finance-deal-with-u-s-steel/ Thu, 03 Jul 2025 10:47:38 +0000 https://gmk.center/?post_type=news&p=110929 Japanese steelmaker Nippon Steel has announced that it will raise 800 billion yen (about $5.6 billion) through two subordinated loans to partially finance the $14.9 billion acquisition of U.S. Steel and refinance previous debt obligations, Reuters reports. According to the company’s statement, 500 billion yen will be used to partially repay a 2 trillion yen […]

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]]> <![CDATA[Nippon Steel closes deal to buy US Steel]]> https://gmk.center/en/news/nippon-steel-closes-deal-to-buy-us-steel/ Thu, 19 Jun 2025 08:13:03 +0000 https://gmk.center/?post_type=news&p=110364 Japanese steel manufacturer Nippon Steel has closed its acquisition of United States Steel. This was announced in a joint statement by the companies. Under the terms of the deal, Nippon Steel paid $55 per share for the American steel producer, for a total of $14.9 billion. The companies also signed a National Security Agreement (NSA) […]

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]]> <![CDATA[Trump approves $14.9 billion takeover of US Steel by Japan’s Nippon Steel]]> https://gmk.center/en/news/trump-approves-14-9-billion-takeover-of-us-steel-by-japan-s-nippon-steel/ Mon, 16 Jun 2025 07:29:01 +0000 https://gmk.center/?post_type=news&p=110234 On June 14, US President Donald Trump approved the purchase of US Steel by Japanese steelmaker Nippon Steel for $14.9 billion. This is stated in the relevant executive order posted on the White House website. As stated in the document, the merger may be extended if the companies sign a national security agreement with the […]

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]]> <![CDATA[Nippon Steel to invest $6 billion in electric arc furnaces at three plants in Japan]]> https://gmk.center/en/news/nippon-steel-to-invest-6-billion-in-electric-arc-furnaces-at-three-plants-in-japan/ Fri, 30 May 2025 08:04:56 +0000 https://gmk.center/?post_type=news&p=109642 Japanese steelmaker Nippon Steel plans to invest almost JPY870 billion ($6.05 billion) in the introduction of electric arc furnaces at three of its facilities in Japan to reduce carbon emissions. This is stated in the company’s message. Part of the funding will come from the Japanese government – the authorities plan to subsidize the company’s […]

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]]> <![CDATA[Trump announces planned partnership between US Steel and Nippon Steel]]> https://gmk.center/en/news/trump-announces-planned-partnership-between-us-steel-and-nippon-steel/ Mon, 26 May 2025 07:39:30 +0000 https://gmk.center/?post_type=news&p=109453 On May 23, US President Donald Trump announced a planned partnership between US Steel and Japan’s Nippon Steel, but did not provide details of the decision, Bloomberg reports. Trump said that the partnership would create at least 70,000 jobs and add $14 billion to the US economy, with the bulk of the investment to be […]

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]]> <![CDATA[Nippon Steel ready to invest $14 billion in US Steel if deal approved – Reuters]]> https://gmk.center/en/news/nippon-steel-ready-to-invest-14-billion-in-us-steel-if-deal-approved-reuters/ Tue, 20 May 2025 08:04:57 +0000 https://gmk.center/?post_type=news&p=109249 Japanese steel company Nippon Steel plans to invest $14 billion in US Steel if the administration of US President Donald Trump approves the acquisition of the latter. Reuters reports this with reference to sources and the relevant document. According to the details set out in the document, Nippon Steel will invest $11 billion in US […]

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]]> <![CDATA[AMNS India launches first specialized scrap processing facility]]> https://gmk.center/en/news/amns-india-launches-first-specialized-scrap-processing-facility/ Mon, 31 Mar 2025 08:17:03 +0000 https://gmk.center/?post_type=news&p=107106 ArcelorMittal Nippon Steel India (AMNS India) has commissioned a specialized scrap processing facility with a capacity of 120 thousand tons per year at its plant in Khopoli, Maharashtra. This is stated in the company’s message. This is the first of four facilities that the company plans to develop across the country as part of its […]

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]]> <![CDATA[Nippon Steel considers investing up to $7 billion in US Steel if deal is approved]]> https://gmk.center/en/news/nippon-steel-considers-investing-up-to-7-billion-in-us-steel-if-deal-is-approved/ Fri, 28 Mar 2025 09:28:22 +0000 https://gmk.center/?post_type=news&p=107037 Japanese steelmaker Nippon Steel may invest about $7 billion in US Steel if the US government approves the purchase, Reuters reports. According to the Semafor portal, the potential liabilities are significantly higher than the $2.7 billion previously reported. to restore the US steelmaker’s obsolete assets. Nippon Steel President Tadashi Imai said earlier this week that […]

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]]> <![CDATA[POSCO to sell its stake in Nippon Steel]]> https://gmk.center/en/news/posco-to-sell-its-stake-in-nippon-steel/ Thu, 20 Mar 2025 14:06:58 +0000 https://gmk.center/?post_type=news&p=106645 POSCO Holdings, the parent company of South Korea’s POSCO Group, has announced plans to divest its stake in Japan’s Nippon Steel, while maintaining strong partnerships between the companies. This is reported by The Korea Herald. The decision, made as a result of mutual consultations, marks the end of the companies’ 25-year cross-shareholding relationship. In the […]

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]]> <![CDATA[AMNS India may cut production due to coke import restrictions – Reuters]]> https://gmk.center/en/news/amns-india-may-cut-production-due-to-coke-import-restrictions-reuters/ Thu, 06 Mar 2025 11:16:21 +0000 https://gmk.center/?post_type=news&p=106000 AMNS India, a joint venture between ArcelorMittal and Nippon Steel, says restrictions on coke imports could hit production in the country and delay its expansion plans. This is stated in the company’s letter to the government, Reuters reports. In December last year, the country introduced temporary restrictions on imports of low-ash metallurgical coke for a […]

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]]> <![CDATA[Nippon Steel considers changing its plan for the US Steel deal]]> https://gmk.center/en/news/nippon-steel-considers-changing-its-plan-for-the-us-steel-deal/ Mon, 10 Feb 2025 12:56:08 +0000 https://gmk.center/?post_type=news&p=105180 Japanese steelmaker Nippon Steel is considering a bold change in its plan compared to its previous approach to buying US Steel. This was stated by Chief Cabinet Secretary Yoshimasa Hayashi, Reuters reports. “We realize that Nippon Steel does not see this as a simple acquisition, but is weighing a bold proposal that is completely different […]

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]]> <![CDATA[US consumers sue to block US Steel takeover]]> https://gmk.center/en/news/us-consumers-sue-to-block-us-steel-takeover/ Fri, 07 Feb 2025 13:00:26 +0000 https://gmk.center/?post_type=news&p=105101 A group of US consumers has filed a lawsuit against Japanese steelmaker Nippon Steel to block its proposed acquisition of US Steel. They claim that the deal threatens to reduce competition and raise prices for a large number of products, Reuters reports. The lawsuit was recently filed in a federal court in San Francisco, California. […]

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]]> <![CDATA[Nippon Steel achieves 43% reduction in carbon emissions in test furnace]]> https://gmk.center/en/news/nippon-steel-achieves-43-reduction-in-carbon-emissions-in-test-furnace/ Wed, 01 Jan 2025 09:15:44 +0000 https://gmk.center/?post_type=news&p=103716 Japanese steelmaker Nippon Steel has announced that it is the first in the world to achieve a 43% reduction in carbon emissions in a test furnace at its East Nippon Works Kimitsu Area plant. This result was achieved during tests that took place from November to December 2024. The steelmaker has been conducting developmental testing […]

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]]> <![CDATA[Nippon Steel postpones deadline for closure of US Steel]]> https://gmk.center/en/news/nippon-steel-postpones-deadline-for-closure-of-us-steel/ Fri, 27 Dec 2024 08:56:08 +0000 https://gmk.center/?post_type=news&p=103923 Japanese steelmaker Nippon Steel has postponed the closing date for the acquisition of US Steel to the first quarter of 2025, Reuters reports. Earlier, the company expected to complete the deal in the third or fourth quarter of this year. The Committee on Foreign Investment (CFIUS) on December 23 left the final decision on this […]

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]]> <![CDATA[Nippon Steel and Sojitz to acquire 49% in Champion Iron project]]> https://gmk.center/en/news/nippon-steel-and-sojitz-to-acquire-49-in-champion-iron-project/ Thu, 19 Dec 2024 08:39:13 +0000 https://gmk.center/?post_type=news&p=103601 Japanese steelmaker Nippon Steel and trading house Sojitz will acquire a 49% stake in Champion Iron’s Canadian iron ore project for $152 million. It is reported by Reuters. Nippon and Sojitz will own 30% and 19% of the shares, respectively, and will share development and construction costs in accordance with their share in the mine, […]

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]]> <![CDATA[Biden plans to block the merger of Nippon Steel and US Steel – Bloomberg]]> https://gmk.center/en/news/biden-plans-to-block-the-merger-of-nippon-steel-and-us-steel-bloomberg/ Wed, 11 Dec 2024 08:30:05 +0000 https://gmk.center/?post_type=news&p=103311 US President Joe Biden plans to officially block the sale of US Steel to Japan’s Nippon Steel for national security reasons after the Committee on Foreign Investment in the United States (CFIUS) makes its decision. Bloomberg reports, citing sources. The CFIUS, which has been considering the proposed takeover for most of this year, is expected […]

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]]> <![CDATA[Nippon Steel plans to complete the acquisition of US Steel by the end of the year]]> https://gmk.center/en/news/nippon-steel-plans-to-complete-the-acquisition-of-us-steel-by-the-end-of-the-year/ Thu, 05 Dec 2024 09:35:59 +0000 https://gmk.center/?post_type=news&p=103154 Japanese steelmaker Nippon Steel has reiterated its confidence that the acquisition of US steelmaker US Steel can be completed by the end of this year, even though the current and future US presidents are opposed to the takeover. This is reported by Bloomberg. The deal can be completed if it goes through the proper procedures […]

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]]> <![CDATA[Japanese Prime Minister urges US to approve deal between Nippon Steel and US Steel – Reuters]]> https://gmk.center/en/news/japanese-prime-minister-urges-us-to-approve-deal-between-nippon-steel-and-us-steel-reuters/ Thu, 28 Nov 2024 08:40:40 +0000 https://gmk.center/?post_type=news&p=102887 Japanese Prime Minister Shigeru Ishiba has sent a letter to US President Joe Biden asking him to approve the Nippon Steel-U.S. Steel deal so as not to harm recent efforts to strengthen ties between the two countries. This was reported by Reuters, citing sources familiar with the matter. Biden opposed the takeover of the American […]

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]]> <![CDATA[US increases import duties on Nippon Steel hot-rolled steel]]> https://gmk.center/en/news/us-increases-import-duties-on-nippon-steel-hot-rolled-steel/ Tue, 19 Nov 2024 09:46:48 +0000 https://gmk.center/?post_type=news&p=102547 The U.S. Department of Commerce (DOC) has raised import duties for Japanese steelmaker Nippon Steel after a review. This is reported by Bloomberg. According to a preliminary decision published in the Federal Register, DOC set a weighted average dumping margin of 29% for Nippon Steel. As noted, it was previously determined that the company sold […]

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]]> <![CDATA[Nippon Steel has applied for a subsidy to build new EAFs]]> https://gmk.center/en/news/nippon-steel-has-applied-for-a-subsidy-to-build-new-eafs/ Wed, 16 Oct 2024 03:03:18 +0000 https://gmk.center/?post_type=news&p=101398 Japan’s largest steel producer Nippon Steel has applied for a government subsidy to build new electric arc furnaces (EAF), Argus.Media reports. The state subsidy applied for by the company provides financial support for industries that are difficult to reduce greenhouse gas emissions, for the transformation of production processes. It is not known exactly what amount […]

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]]> <![CDATA[Nippon Steel will sell shares of South Korean POSCO]]> https://gmk.center/en/news/nippon-steel-will-sell-shares-of-south-korean-posco/ Wed, 25 Sep 2024 07:21:16 +0000 https://gmk.center/?post_type=news&p=100681 Nippon Steel announced that it will sell a total of 2.9 million shares of South Korea’s POSCO Holdings that it owns. It is stated in the message of the Japanese steel producer. As noted, the sale of shares is designed to increase the efficiency of assets by consolidating them. The terms of the sale will […]

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]]> <![CDATA[Cleveland-Cliffs expresses interest in buying some assets of US Steel]]> https://gmk.center/en/news/cleveland-cliffs-expresses-interest-in-buying-some-assets-of-us-steel/ Mon, 09 Sep 2024 08:37:14 +0000 https://gmk.center/?post_type=news&p=100104 American steelmaker Cleveland-Cliffs Inc. has confirmed its interest in acquiring some of the assets of U.S. Steel, which are subject to closure if the takeover of Japan’s Nippion Steel is blocked by President Joe Biden. This is reported by CBC News. Although the White House has said it is awaiting a response from the Committee […]

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]]> <![CDATA[US Steel and Cleveland-Cliffs enter into a public dispute over the deal with Nippon Steel]]> https://gmk.center/en/news/us-steel-and-cleveland-cliffs-enter-into-a-public-dispute-over-the-deal-with-nippon-steel/ Wed, 22 May 2024 11:11:28 +0000 https://gmk.center/?post_type=news&p=96955 US steel companies US Steel and Cleveland-Cliffs entered into a public dispute over the former’s deal with Japanese steelmaker Nippon Steel. US Steel tried to refute the idea that Nippon Steel was trying to break the $14 billion deal. The steelmaker said that its competitor Cleveland-Cliffs was spreading rumors among investors. On May 21, US […]

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]]> <![CDATA[Nippon Steel increased steel supplies by 1.8% y/y in FY2023/2024]]> https://gmk.center/en/news/nippon-steel-increased-steel-supplies-by-1-8-y-y-in-fy2023-2024/ Fri, 10 May 2024 07:43:26 +0000 https://gmk.center/?post_type=news&p=96549 Japanese steelmaker Nippon Steel increased its unconsolidated steel shipments by 1.8% y/y – to 32.03 million tonnes in the 2023/2024 financial year (ended March 31). This is stated in the company’s report. In the period under review, 44% of steel was exported in value terms, compared to 43% in the previous fiscal year. The average […]

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]]> <![CDATA[US Steel shareholders approve Nippon Steel’s $14.9 billion offer]]> https://gmk.center/en/news/us-steel-shareholders-approve-nippon-steels-14-9-billion-offer/ Mon, 15 Apr 2024 07:44:34 +0000 https://gmk.center/?post_type=news&p=95807 US Steel shareholders late last week approved Japan’s Nippon Steel’s $14.9 billion offer to buy the American company, a step toward a merger despite growing political opposition to the deal, Reuters reports. US Steel reported that more than 98% of votes were cast in favor of the deal, under which Nippon will pay $55 per […]

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]]> <![CDATA[EU considers acquisition of US Steel by Japanese Nippon Steel]]> https://gmk.center/en/news/eu-considers-acquisition-of-us-steel-by-japanese-nippon-steel/ Fri, 12 Apr 2024 12:21:25 +0000 https://gmk.center/?post_type=news&p=95784 Japanese steelmaker Nippon Steel has applied to the European Commission for permission to acquire US Steel, Reuters reports. The EC has set a preliminary deadline of May 17 for the antitrust decision. It will consider whether the deal is compatible with EU rules. The process is classified as a simplified procedure. It is typically used […]

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]]> <![CDATA[US Senator calls for investigation into possible ties between Nippon Steel and China]]> https://gmk.center/en/news/us-senator-calls-for-investigation-into-possible-ties-between-nippon-steel-and-china/ Wed, 03 Apr 2024 10:32:59 +0000 https://gmk.center/?post_type=news&p=95434 Chairman of the US Senate Banking Committee Sherrod Brown has called on the White House to scrutinize the relationship between Nippon Steel and the Chinese steel industry, citing national security concerns amid congressional opposition to the U.S. Steel deal. It is reported by Reuters. In his letter to the US President, Brown referred to an […]

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]]> <![CDATA[Tenova will supply a pilot direct reduction unit for Nippon Steel]]> https://gmk.center/en/news/tenova-will-supply-a-pilot-direct-reduction-unit-for-nippon-steel/ Wed, 20 Mar 2024 10:21:15 +0000 https://gmk.center/?post_type=news&p=94911 Italy’s Tenova, which specializes in innovative solutions for the iron and steel industry, will supply an experimental direct reduction unit with Energiron technology to Japanese steelmaker Nippon Steel. This is reported by HydroNews. The plant will be built at Nippon Steel’s research center in Hasaki. It will be used to demonstrate the development of direct […]

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]]> <![CDATA[Nippon Steel intends to finalize the acquisition of US Steel]]> https://gmk.center/en/news/nippon-steel-intends-to-finalize-the-acquisition-of-us-steel/ Fri, 15 Mar 2024 08:55:03 +0000 https://gmk.center/?post_type=news&p=94734 Japanese steelmaker Nippon Steel intends to complete the acquisition of US Steel despite the fact that US President Joe Biden has expressed a desire to keep the latter in American ownership. This is reported by Nikkei Asia. According to a statement released by the Japanese company, the deal will bring clear benefits to US. Steel, […]

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]]> <![CDATA[A potential deal between US Steel and Nippon Steel will bring new opportunities to Slovakia]]> https://gmk.center/en/news/a-potential-deal-between-us-steel-and-nippon-steel-will-bring-new-opportunities-to-slovakia/ Tue, 20 Feb 2024 13:35:55 +0000 https://gmk.center/?post_type=news&p=93866 The potential acquisition of US Steel by Japan’s Nippon Steel is a big opportunity for Slovakia and US Steel Kosice (USSK). However, government support will be crucial to ensure the decarbonization of the company, said Environment Minister Tomas Taraba. This is reported by eReport. At the beginning of the month, representatives of the Slovak government […]

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]]> <![CDATA[Nippon Steel increased steel production by 2% y/y in October-December]]> https://gmk.center/en/news/nippon-steel-increased-steel-production-by-2-y-y-in-october-december/ Mon, 12 Feb 2024 12:06:34 +0000 https://gmk.center/?post_type=news&p=93567 Japan’s Nippon Steel increased its consolidated steel production by 2.2% y/y – to 10.26 million tons in the third quarter of fiscal year 2023/2024 (October-December 2023). This is reported by SteelMint with reference to the company’s data. Unconsolidated steel supplies in October-December decreased by 2% q/q – to 7.95 million tons. Compared to the same […]

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