US Steel
US Steel and Cleveland-Cliffs enter into a public dispute over the deal with Nippon Steel

The companies exchanged statements regarding the planned sale
Cleveland-Cliffs still interested in acquiring US Steel – Bloomberg

Cliffs CEO believes that the deal with Nippon Steel will not be finalized due to union disagreement
US Steel Kosice does not plan to restart blast furnace No. 2 in Q2

The unit was shut down in early March for scheduled maintenance. Launch postponed due to weak steel demand
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
Nippon Steel intends to finalize the acquisition of US Steel

US President expresses concern over foreign ownership of US Steel
Nippon Steel aims to close the deal with US Steel in September

The Japanese company intensified negotiations with interested parties
US Steel increased steel shipments by 3.8% y/y in 2023

The European division of the company increased the indicator by 3.7% y/y
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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