US Steel

US Steel Kosice
US Steel Kosice expects a decline in key indicators in Q2

The negative forecasts are explained by the long downtime of blast furnace No. 2 due to weak demand for steel

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

The companies exchanged statements regarding the planned sale

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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

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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

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US Steel shareholders approve Nippon Steel’s $14.9 billion offer

More than 98% of votes were cast in favor of the deal

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EU considers acquisition of US Steel by Japanese Nippon Steel

Antitrust decision on the deal is expected in mid-May

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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

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Nippon Steel intends to finalize the acquisition of US Steel

US President expresses concern over foreign ownership of US Steel

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Nippon Steel aims to close the deal with US Steel in September

The Japanese company intensified negotiations with interested parties

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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

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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

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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

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