Steelworkers lose battle to stop U.S. Steel’s $14.1bn foreign takeover

Pallavi Madhiraju- September 25, 2024 0

United States Steel Corporation has secured a decisive victory over a challenge brought by the United Steelworkers union regarding its planned $14.1 billion acquisition by ... Read More

Nippon Steel offloads $211m in assets as U.S. Steel takeover hits political storm!

Pallavi Madhiraju- September 23, 2024 0

Nippon Steel Corporation, one of Japan's largest steelmakers, is selling $211 million worth of assets in a strategic move to manage its ballooning debt, a ... Read More

U.S. Steel’s stock climbs after bullish guidance, Nippon Steel acquisition optimisms

Pallavi Madhiraju- September 19, 2024 0

U.S. Steel Corporation’s stock surged 2% after the company updated its third-quarter financial outlook and reaffirmed its confidence in closing its acquisition by Nippon Steel ... Read More

US Steel shares jump amid uncertainty over Nippon Steel merger decision

Pallavi Madhiraju- September 13, 2024 0

U.S. Steel Corporation is witnessing a stock surge amid reports that the White House is delaying a decision on the proposed $14.1 billion acquisition by ... Read More

Kamala Harris steps in to block foreign takeover of U.S. Steel! Is America’s industry at risk?

Pallavi Madhiraju- September 2, 2024 0

American Vice President Kamala Harris is expected to oppose the proposed takeover of United States Steel Corporation by Nippon Steel Corporation, Japan’s largest steelmaker, during ... Read More

Massive $1.3bn investment by Nippon Steel propels U.S. Steel stock – What’s next?

Pallavi Madhiraju- September 1, 2024 0

United States Steel Corporation's stock experienced a notable surge as Nippon Steel Corporation announced a commitment of $1.3 billion for upgrading U.S. Steel plants in ... Read More

ArcelorMittal Nippon Steel India commits to 20% emission reduction by 2030

Pallavi Madhiraju- February 5, 2024 0

ArcelorMittal Nippon Steel India (AM/NS India) has unveiled its ambitious goal to reduce emissions intensity by 20% by 2030. This target, detailed in the company's ... Read More

Nippon Steel to acquire U.S. Steel for $14.9bn in landmark deal

Pallavi Madhiraju- December 18, 2023 0

Nippon Steel Corporation (NSC), Japan's leading steelmaker and a global industry giant, has announced a definitive agreement to acquire United States Steel Corporation (NYSE: X) ... Read More

ABB India to deliver electrification for ArcelorMittal Nippon Steel’s Gujarat facility

Pallavi Madhiraju- June 30, 2023 0

ArcelorMittal Nippon Steel India (AMNS India) has selected ABB India to supply electrification and automation systems for its steel cold rolling mill (CRM) located in ... Read More

Canadian miner Teck Resources to restructure steelmaking coal business

Raghuram Kadari- February 25, 2023 0

Canadian mining company Teck Resources will separate its business into two independent, publicly-listed companies to offer investors a choice of enterprises with unique fundamentals and ... Read More