thejapantimes, 5 days ago to business

Nippon Steel Corp. is stepping up efforts to win over U.S. workers and politicians for its $14.1 billion takeover of United States Steel Corp. despite stiff opposition from union leaders and the Biden administration. https://www.japantimes.co.jp/business/2024/05/18/companies/nippon-steel-us-steel-workers-politicians/ #business #companies #us #donaldtrump #joebiden #nipponsteel #ussteel #unions #2024uspresidentialelection #acquisitions #steel

thejapantimes, 13 days ago to business

Japan's Nippon Steel is sticking to its plan to finalize its $15 billion acquisition of U.S. Steel by year-end, despite political resistance. https://www.japantimes.co.jp/business/2024/05/09/companies/nippon-steel-deal-plan/ #business #companies #nipponsteel #ussteel #steel #acquisitions #takahiromori

thejapantimes, 19 days ago to business

The intensifying scrutiny of Nippon Steel's bid to acquire U.S. Steel has called attention to the secretive interagency panel that could be the ultimate arbiter of the merger. https://www.japantimes.co.jp/business/2024/05/04/companies/us-nippon-steel-secret-panel/ #business #companies #nipponsteel #ussteel #acquisitions #us #steel #steelmaker

thejapantimes, 20 days ago to business

Nippon Steel postponed acquiring United States Steel until December from an initially planned September date due to a U.S. review of the deal. https://www.japantimes.co.jp/business/2024/05/03/companies/nippon-steel-us-steel-delay/ #business #companies #nipponsteel #ussteel #acquisitions #us #steel #steelmaker

thejapantimes, 1 month ago to business

U.S. Steel shareholders have approved its proposed $14.9 billion acquisition by Japan's Nippon Steel, taking the merger one step closer to completion even as political opposition to the deal mounts. https://www.japantimes.co.jp/business/2024/04/13/companies/nippon-steel-us-steel-shareholders/ #business #companies #us #joebiden #nipponsteel #ussteel #acquisitions #usjapanrelations

thejapantimes, 1 month ago to business

Nippon Steel’s bid to buy U.S. Steel is now caught in an election year maelstrom as U.S. President Joe Biden and Donald Trump, in the wake of the union’s objections, have both publicly opposed the deal as they vie for blue-collar votes. https://www.japantimes.co.jp/business/2024/04/11/companies/us-steel-biden-swing-states/ #business #companies #us #donaldtrump #joebiden #nipponsteel #ussteel

thejapantimes, 1 month ago to business

Some Japanese officials privately say that despite high hurdles, Nippon Steel can still save the fraught $15 billion acquisition of U.S. Steel. https://www.japantimes.co.jp/business/2024/04/05/companies/nippon-steel-deal-analysis/ #business #companies #nipponsteel #ussteel #acquisitions #usjapanrelations #us

Nippon Steel touts tech it can bring to US Steel, vows to push ahead with $14.1 billion acquisition: 'We have over 2,000 patents' (fortune.com)

"There’s not a company in the U.S. that can domestically produce the high-end, electrical steel sheets for automobiles which we produce at our steel mills in Japan."

thejapantimes, 1 month ago to business

Nippon Steel intends to pursue its proposed acquisition of U.S. Steel and wants its "deep roots" in the United States to be recognized, its new president said — remarks that come after U.S. President Joe Biden expressed opposition to the deal. https://www.japantimes.co.jp/business/2024/04/01/companies/nippon-steel-new-president-pursues-us-steel-deal/ #business #companies #nipponsteel #ussteel #us #steel

thejapantimes, 1 month ago to business

A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival U.S. Steel, warning that a deal could result in anti-competitive pricing for vehicles. https://www.japantimes.co.jp/business/2024/03/30/companies/us-steel-cleveland-cliffs-automakers/ #business #companies #usjapanrelations #nipponsteel #ussteel #joebiden #us #acquisitions #manufacturing #steel #clevelandcliffs #automakers

thejapantimes, 2 months ago to business

Shares of United States Steel fell the most in almost four years following reports of a plan by U.S. President Joe Biden to release a statement of concern about Nippon Steel’s proposed acquisition of the Pittsburgh-based steel producer. https://www.japantimes.co.jp/business/2024/03/14/companies/biden-us-steel-concern/ #business #companies #joebiden #usjapanrelations #ussteel #nipponsteel

thejapantimes, 2 months ago to business

A senior Nippon Steel executive will meet the United Steelworkers union chief this month to seek support for acquiring U.S. Steel in the hopes of finalizing the deal by the end of September. https://www.japantimes.co.jp/business/2024/03/05/companies/nippon-steel-exe-meeting-us-union/ #business #companies #nipponsteel #steel #acquisitions #ussteel #unions

thejapantimes, 3 months ago to business

Washington is examining Nippon Steel’s connections to China, people familiar with the matter have said, in a potential stumbling block for the Japanese giant’s politically contentious deal to acquire American rival United States Steel. https://www.japantimes.co.jp/business/2024/02/23/companies/nippon-steel-china-assets-concern-for-us/ #business #companies #steel #nipponsteel #ussteel #us #china

thejapantimes, 3 months ago to Japan

The former president's objection to U.S. Steel being bought by a Japanese rival was predictable. But what if he’s right to be worried? https://www.japantimes.co.jp/commentary/2024/02/09/japan/trump-nippon-steel-deal/ #commentary #japan #ussteel #nipponsteel #mas #useconomy #donaldtrump

thejapantimes, 3 months ago to business

Nippon Steel is on track to finalize its planned $15 billion acquisition of U.S. Steel by the end of September, an executive said on Wednesday. https://www.japantimes.co.jp/business/2024/02/07/companies/nippon-steel-deal-september/?utm_content=bufferf9645&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #nipponsteel #ussteel

thejapantimes, 4 months ago to business

United States Steel is disputing the United Steelworkers’ allegations that the steelmaker breached its labor agreement with the union by failing to provide information about critical developments of the company’s sale to Nippon Steel. https://www.japantimes.co.jp/business/2024/01/07/companies/us-steel-union-nippon-steel/?utm_content=buffer1b800&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #ussteel #nipponsteel #acquisitions #joebiden #us #unions

thejapantimes, 5 months ago to random

Is Nippon Steel's purchase of U.S. Steel a historic acquisition or national security threat? https://www.japantimes.co.jp/editorials/2023/12/22/japan-us-steel-deal/?utm_content=buffer6ff53&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #editorials #ussteel #nipponsteel #usjapanrelations #trade #defense

thejapantimes, 5 months ago to business

The White House on Thursday said Nippon Steel's $14.9 billion proposed acquisition of U.S. Steel deserves "serious scrutiny," given the company's core role in U.S. steel production that is critical to national security. https://www.japantimes.co.jp/business/2023/12/22/companies/white-house-nippon-steel-us-steel/?utm_content=buffer94987&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #usjapanrelations #us #ussteel #nipponsteel #steel #manufacturing

ErickaSimone, 5 months ago to random

We lost #USSTEEL to nippon?
Welp. Gotta move to Japan now

RememberUsAlways, 8 months ago to investing

"Inside Cleveland-Cliffs' bid to keep U.S. blast furnaces smelting."

#unitedstates
#investing
#union
#ussteel

https://www.reuters.com/sustainability/inside-cleveland-cliffs-bid-keep-us-blast-furnaces-smelting-2023-09-05/

JenWojcik, 8 months ago to random

OMFG THIS IS SO HUGE!!!

WHAT THIS MEANS: If a company attempts to dissuade their workers from forming a union...

THE UNION IS AUTOMATICALLY FORMED WITH OR WITHOUT A FORMAL VOTE AND THE COMPANY MUST IMMEDIATELY RECOGNIZE IT.

Jumping up and down because OMFG THIS IS BIG!!!

https://newrepublic.com/post/175207/national-labor-relations-board-nlrb-rules-companies-union-bust

RememberUsAlways, 8 months ago to ai

No one is talking about #ussteel

$X is up 5% in 5 years and over 300% from #covid bottom.

Impressive. #AI may make steel stronger or more flexible.

#investing