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Tag : Nippon Steel

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Nippon Set to Acquire US Steel by December, Gets EU Nod

wirecable
The European Commission, the executive organ of the European Union, said the planned deal will not raise competition concerns given the companies’ limited market positions. May 10, 2024 Japan’s leading steelmaker Nippon Steel Corp will stick to its plan to acquire its American rival, United States’ Steel Corp, by December......
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Japan’s Nippon Steel Set to Acquire U.S. Steel for USD 14.9 Billion in Cash

wirecable
U.S. Steel has been sold to Japan’s Nippon Steel for USD 14.9 billion in cash outbidding Cleveland-Cliffs,  ArcelorMittal, and Nucor. Nippon’s acquisition marks its move toward 100 million metric tons of global crude steel capacity, while significantly expanding its production in the United States. Dec 19, 2023 Japan’s Nippon Steel......
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Nippon Steel mulls Expansion in India and a Mill in SEA

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Nippon Steel is intending to merge its two Thai subsidiaries, namely, NS-Siam United Steel (NS-SUS) and Siam Tinplate (STP). December 8, 2021 Japan’s Nippon Steel is planning to increase the crude steel production capacity of its ArcelorMittal Nippon Steel India (AM/NS India) joint venture. In addition, the steel manufacturing company......