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Nippon Steel - Latest news GMK Center

Photo – Nippon Steel considers changing its plan for the US Steel deal
Nippon Steel considers changing its plan for the US Steel deal

Trump says Nippon Steel's offer could take the form of an investment

Photo – US consumers sue to block US Steel takeover
US consumers sue to block US Steel takeover

US antitrust law allows private plaintiffs to challenge mergers separately from the government

Photo – Nippon Steel achieves 43% reduction in carbon emissions in test furnace
Nippon Steel achieves 43% reduction in carbon emissions in test furnace

Currently, the company is developing three super-innovative technologies

Photo – Nippon Steel postpones deadline for closure of US Steel
Nippon Steel postpones deadline for closure of US Steel

The company extended the date to the first quarter of 2025

Photo – Nippon Steel and Sojitz to acquire 49% in Champion Iron project
Nippon Steel and Sojitz to acquire 49% in Champion Iron project

Japanese companies will also share the costs of development and construction

Photo – Biden plans to block the merger of Nippon Steel and US Steel – Bloomberg
Biden plans to block the merger of Nippon Steel and US Steel – Bloomberg

CFIUS is due to deliver its decision on December 22-23

Photo – Nippon Steel plans to complete the acquisition of US Steel by the end of the year
Nippon Steel plans to complete the acquisition of US Steel by the end of the year

The agreement can be completed if the necessary procedures are completed

Photo – Japanese Prime Minister urges US to approve deal between Nippon Steel and US Steel – Reuters
Japanese Prime Minister urges US to approve deal between Nippon Steel and US Steel – Reuters

The US Committee on Foreign Investment is currently reviewing the acquisition

Photo – US increases import duties on Nippon Steel hot-rolled steel
US increases import duties on Nippon Steel hot-rolled steel

At the same time, Nippon Steel promises American trade unions not to import slabs from foreign factories to the US

Photo – Nippon Steel has applied for a subsidy to build new EAFs
Nippon Steel has applied for a subsidy to build new EAFs

In this way, the company aims to support its decarbonization efforts

Photo – Nippon Steel will sell shares of South Korean POSCO
Nippon Steel will sell shares of South Korean POSCO

This step is designed to increase the efficiency of the Japanese steel company's assets

Photo – Cleveland-Cliffs expresses interest in buying some assets of US Steel
Cleveland-Cliffs expresses interest in buying some assets of US Steel

This includes plants that are slated to close if US Steel's deal with Nippon Steel does not go through

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