Trump Celebrates Nippon Steel 'Deal'
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A planned merger of the Japanese and American giants, announced in 2023, has traveled through an election, two presidents and strong union opposition.
Strictly speaking, any type of special or dual-class share structure that offers more voting power to a bloc is a version of a golden share. What the White House has in mind, however, seems to be more targeted for the deal-making attempts between U.
Nippon Steel investors and analysts are asking if its $15-billion deal to buy U.S. Steel , backed but not yet approved by President Donald Trump, is positive for the near term, even if its hopes for strong U.
Nippon Steel Corp., the Japanese company embroiled in lengthy battle to buy US Steel Corp., said it plans to spend 869 billion yen ($6 billion) at home to expand output from cleaner furnaces.
Having grown up in West Virginia, the merger between U.S. Steel and Nippon Steel (which has just been approved by President Trump) hits close to home. My family and community relied on the coal and railroad industries—both deeply tied to steel production.
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Nippon Steel plans to invest over 860 billion yen ($5.98 billion) to introduce electric furnaces at its three domestic plants to reduce carbon emissions, public broadcaster NHK said on Friday.
Steelworkers are excited to hear President Trump talk about the partnership between U.S. Steel and Japan-based Nippon Steel.