Japan's Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel

📆 06/12/2024 11:44:00
📰 ksatnews

⏱ Reading Time:
23 sec. here
11 min. at publisher
📊 Quality Score:
News: 44%
Publisher: 53%

Mike Millsap News

Yuri Kageyama,Politics,World News

The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel.

La Vernia gears up for Class 4A Division 1 Regional Final showdown against Bay CitySan Antonio’s first-ever downtown Krampus parade draws over 1,000 attendeesSan Antonio Spurs center Victor Wembanyama, center top, who is out with an injury, stands with teammates during a timeout during the first half of an NBA basketball game against the Chicago Bulls in San Antonio, Thursday, Dec. 5, 2024.

Nippon Steel officials didn’t disclose details of the fine technology they said the planned acquisition would offer U.S. Steel. In September, an arbitration board jointly chosen by U.S. Steel and United Steelworkers decided the proposed acquisition could proceed. “While Japan is a political ally, it is also an economic competitor, one that has proven time and again that it is willing to promote its steel industry at our expense,” the union said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump to Block Nippon Steel's $14 Billion U.S. Steel AcquisitionPresident-elect Trump announced his intention to use tax incentives to prevent Nippon Steel's acquisition of U.S. Steel, a deal valued at $14 billion, citing concerns over foreign ownership. He plans to act swiftly as president to block the transaction, which faces opposition from President Biden and a powerful U.S. labor union.
Source: FoxBusiness - 🏆 458. / 53 Read more »