Tag - nippon-steel

 
 

NIPPON STEEL

Takahiro Mori, Nippon Steel's executive vice president, said the company will move its U.S. headquarters to Pittsburgh if it succeeds in acquiring U.S. Steel.
BUSINESS / Companies
Mar 19, 2024
Nippon Steel pledges to move U.S. HQ to U.S. Steel's Pittsburgh
The Japanese steelmaker will move its existing headquarters in the U.S., which is in Houston, in addition to keeping U.S. Steel's headquarters.
White House National Security Council spokesman John Kirby speaks during a press briefing at the White House in Washington on Friday.
BUSINESS / Companies
Mar 16, 2024
Top Biden official says stance on U.S. Steel deal doesn't hurt U.S.-Japan ties
U.S. National Security Council spokesman John Kirby said Biden's opposition to the U.S. Steel deal "doesn't take away one thing" from the relationship.
A U.S. flag flies near the United States Steel Clairton Coke Works facility in Clairton, Pennsylvania, on Friday.
BUSINESS / Companies
Mar 16, 2024
U.S. Steel says Nippon Steel deal expected to close later this year
The filing with exchanges comes at a time when the Japanese firm's $14.9 billion deal to buy the 122-year-old U.S. steelmaker faces heightened scrutiny.
U.S. President Joe Biden said Thursday that United States Steel should be domestically owned, coming out against Nippon Steel's plan to acquire the company as support from labor unions is becoming more significant for his re-election bid.
BUSINESS / Companies
Mar 15, 2024
Nippon Steel determined to complete U.S. Steel deal
The firm has promised no layoffs or plant closures until at least September 2026.
The Biden administration has regularly sent warnings about Nippon Steel's proposed purchase of U.S. Steel and has steadfastly sided with the United Steelworkers over the sale of a once-iconic firm based in Pennsylvania, a crucial swing state.
BUSINESS / Companies
Mar 14, 2024
Biden to express concern over Nippon Steel's deal for U.S. Steel, source says
U.S. officials and lawyers have drafted a statement of concern and the White House has privately informed Tokyo of Biden's move, according to reports.
Nippon Steel Executive Vice President Takahiro Mori, who is set to meet the United Steelworkers (USW) union chief this month, says the Japanese steel producer plans to uphold all of the current agreements between the union and U.S. Steel.
BUSINESS / Companies
Mar 5, 2024
Nippon Steel exec to meet USW head to seek support for U.S. Steel deal
Winning the union's backing is a priority for the Japanese steel producer because then the acquisition will be "no longer a political issue."
Nippon Steel's Kashima plant seen from a park in Kamisu, Ibaraki Prefecture. Scrutiny over Nippon Steel’s China holdings threatens to add another complication to its politically contentious deal to acquire United States Steel.
BUSINESS / Companies
Feb 23, 2024
Nippon Steel’s China assets could derail United States Steel deal
Regulators may look unfavorably on whether the acquisition of U.S. Steel could allow more access to U.S. markets for Chinese-sourced steel.
While in recent years Donald Trump is better known for his trade war with China, the former president has a long history of Japan-bashing and should be taken at his word on the U.S. Steel purchase by Nippon Steel.
COMMENTARY / Japan
Feb 9, 2024
Trump is wrong to oppose Nippon Steel deal
"I would block it instantaneously. Absolutely,” Trump said of Nippon Steel’s bid, and he should be taken seriously and literally.
Nippon Steel is on track to finalize its planned $15 billion acquisition of U.S. Steel by the end of September, an executive has said.
BUSINESS / Companies
Feb 7, 2024
Nippon Steel says on track to close U.S. Steel deal by September
The deal by the world's No.4 steelmaker to buy U.S. Steel has drawn criticism from some in the United States.
Ukrainian Railway trains at the central railway station of Kyiv on Sunday
JAPAN
Feb 7, 2024
Ukrainian Railways to buy rails from Nippon Steel
Nippon Steel plans to deliver about 15,000 metric tons of rails in summer and 7,500 metric tons next year.
The United States Steel Clairton Coke Works in Clairton, Pennsylvania, in December
BUSINESS / Companies
Feb 4, 2024
American steel buyers hail Nippon deal that scares Washington
Both Democratic Senators from U.S. Steel’s home state of Pennsylvania want the deal killed, citing fears that union jobs would be impacted.
Republican presidential candidate and former U.S. President Donald Trump holds a campaign rally ahead of the Republican caucus in Las Vegas on Saturday.
BUSINESS / Companies
Feb 1, 2024
Trump says he'd block Nippon-U.S. Steel deal, dubbing it 'terrible'
The former U.S. president aims to win over blue-collar union voters who could play a key role in states like Pennsylvania, where U.S. Steel is based.
U.S. National Economic Council Director Lael Brainard said President Joe Biden "continues to believe very strongly that steel is an important industry, a backbone of the transition we are driving in the economy.”
BUSINESS / Companies
Jan 27, 2024
Biden aides signal importance of union jobs in Nippon Steel review
Top economic aides for President Joe Biden said he aims to preserve union jobs and domestic manufacturing in the U.S. steel sector.
Nippon Steel's plant in Kamisu, Ibaraki Prefecture. The firm submitted a cash offer to acquire U.S. Steel for $55 a share on Dec. 16.
BUSINESS / Companies
Jan 25, 2024
Sweetened offer in final hours clinched U.S. steel deal for Nippon
Nippon Steel executives submitted a sweetened cash offer to acquire the Pittsburgh-based company for $55 (¥8,120) a share on Dec. 16.
Plaintiffs' lawyers speak to reporters in Seoul on Thursday after South Korea's Supreme Court upheld lower court decisions ordering Nippon Steel to pay damages to South Koreans over wartime labor.
JAPAN / Crime & Legal
Jan 12, 2024
South Korean top court upholds wartime labor ruling against Nippon Steel
The ruling comes after the top court last month ordered the company and two other Japanese firms to compensate victims.
U.S. Steel’s agreement to sell itself to the Japanese steel-maker has turned into a political football, with key politicians and opponents of the deal seizing on the union’s claims that U.S. Steel didn’t comply with the labor agreement.
BUSINESS / Companies
Jan 7, 2024
U.S. Steel denies breach of labor agreements in Nippon deal
The Pittsburgh-based manufacturer said it repeatedly reached out to the United Steelworkers during the company’s strategic review before the sale.
The entrance lobby of Accor's Mercure Tokyo Hibiya, which recently opened in the capital
BUSINESS / Companies
Jan 2, 2024
Backed by tourism potential, hotels keen to cultivate Japanese market
Because Japan was slow to reopen its borders, there appears to be robust, pent-up demand to visit the country.
A U.S. Steel coke works in Clairton, Pennsylvania
EDITORIALS
Dec 22, 2023
A steel deal that’s good for Japan and the U.S.
Nippon Steel’s announcement that it plans to purchase U.S. Steel has triggered an uproar in the United States.
The U.S. Steel Clairton Coke Works in Clairton, Pennsylvania. U.S. President Joe Biden's top economic advisor said the purchase of the firm by Nippon Steel deserves serious scrutiny, in the latest sign of political pressure over the deal.
BUSINESS / Companies
Dec 22, 2023
Nippon-U.S. Steel deal deserves 'serious scrutiny,' White House says
The White House said it views a strong domestic steel industry as vital to the U.S. economy and national security.
Families of deceased plaintiffs in lawsuits over wartime labor during Japan's colonial rule outside South Korea's Supreme Court in Seoul on Thursday
JAPAN / Crime & Legal
Dec 21, 2023
South Korean court upholds wartime labor damages order for Japan firms
The rulings came as South Korea-Japan relations have been improving since Seoul announced in March its plan for solving the wartime labor issue.

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