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March 29, 2025
 

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NIPPON STEEL

U.S. Steel workers who support the takeover by Nippon Steel rally outside the company's headquarters in Pittsburgh, Pennsylvania, in September.
EDITORIALS
Dec 27, 2024
Rejecting the Nippon Steel bid is a slap in the face to Japan
Nippon Steel has not given up and continues to lobby U.S. officials and steelworkers, arguing the deal would grow U.S. Steel, protect jobs, and strengthen the industry.
Nippon Steel's headquarters in Tokyo. The Japanese steelmaker said Thursday it has extended the closing period for its $15 billion purchase of U.S. Steel to the first quarter of 2025.
BUSINESS / Companies
Dec 26, 2024
Nippon Steel extends closing date for U.S. Steel acquisition
The estimated closing date has been revised to the first quarter of 2025.
The United States Steel's Clairton Coke Works facility in Clairton, Pennsylvania. In a letter, a group that includes mayors in Pennsylvania and Indiana denounced the head of the United Steelworkers union over his refusal to negotiate in good faith with Nippon Steel its plan to acquire U.S. Steel.
BUSINESS / Companies
Dec 25, 2024
Mayors urge Biden to approve Nippon Steel acquisition of U.S. Steel
A total of 20 people, including the heads of administrative districts where U.S. Steel facilities are located, underlined the importance of the deal to the local communities.
Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden after a U.S. panel on foreign investments was unable to reach a consensus.
BUSINESS / Companies
Dec 24, 2024
Nippon Steel's bid for U.S. Steel referred to Biden for final decision
Committee on Foreign Investment in the United States referred the bid to the U.S. president after failing to reach a consensus.
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
BUSINESS / Companies
Dec 21, 2024
Nippon Steel alleges undue White House influence on doomed deal review
The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S. Steel, to the Committee on Foreign Investment in the United States.
Nippon Steel headquarters in Tokyo
BUSINESS
Dec 19, 2024
Nippon Steel to join iron ore mine project in Canada
Nippon Steel will acquire a 30% interest in the Kamistiatusset project. Its investment is seen exceeding ¥140 billion, including development costs.
The U.S. Steel Mon Valley Works Edgar Thomson Plant along the Monongahela River in Braddock, Pennsylvania
BUSINESS / Companies
Dec 19, 2024
Despite revamped proposals, Nippon Steel deal on track to be blocked, letter shows
The letter, sent Saturday, sets the stage for U.S. President Joe Biden, who has long opposed the deal, to block it.
U.S. Steel's Gary Works, the largest integrated steel mill in the country, in Gary, Indiana
BUSINESS / Companies
Dec 15, 2024
U.S. foreign investment panel split on Nippon-U.S. Steel deal, report says
The U.S. Treasury has informed Nippon Steel that the panel reviewing its proposed $14.9 billion purchase of U.S. Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday.
A Nippon Steel blast furnace building in Kashima, Ibaraki Prefecture, on Dec. 6
BUSINESS / Companies
Dec 14, 2024
Nippon Steel’s plan B now in focus as $14 billion U.S. deal falters
The bid for the once-fabled American company ran into a maelstrom of political opposition in the U.S. in the run-up to the presidential election.
The United Steelworkers union claims that Nippon Steel's latest offer is tantamount to bribery.
BUSINESS / Companies
Dec 11, 2024
Union blasts Nippon Steel’s $5,000 per worker bonus in U.S. Steel deal
The United Steelworkers called Nippon Steel's move “a classic union-busting tactic” and a “desperate attempt to win over support for its doomed acquisition.”
Izumi Kobayashi, director of Mizuho Financial, Omron and ANA, speaks during the Reuters Next conference in New York on Tuesday.
BUSINESS
Dec 11, 2024
Mizuho director says companies should not overreact to Trump's tariff threats
It would be difficult for companies to withdraw from China given its mammoth size, said Izumi Kobayashi.
U.S. President Joe Biden — born in U.S. Steel’s home state of Pennsylvania — has long signaled opposition to the company's sale to Nippon Steel.
BUSINESS
Dec 11, 2024
U.S. says review of Nippon Steel bid ongoing as U.S. Steel shares tumble
The companies are poised to pursue litigation over the process if U.S. President Joe Biden decides to block the merger, sources added.
The exterior of a blast furnace building is seen during a media tour by Nippon Steel at their East Nippon Works Kashima Area facility in Kashima, Ibaraki Prefecture, on Friday.
BUSINESS / Companies
Dec 10, 2024
Nippon Steel makes final push to win over U.S. workers
Nippon Steel said it made new commitments with regards to where and when a previously announced $1.4 billion capital expenditure commitment would be spent.
If the deal goes through, the Japanese steelmaker has promised not to transfer any U.S. Steel production capacity or jobs outside the United States.
BUSINESS / Companies
Dec 5, 2024
Nippon Steel committed to U.S. Steel takeover, executive says
"There is no global strategy without the U.S.," Takahiro Mori, the Japanese company's vice chairman, said this week.
U.S. President-elect Donald Trump says he will "block" a planned takeover of U.S. Steel by Nippon Steel.
BUSINESS / Companies
Dec 3, 2024
Trump says will 'block' Nippon Steel from taking over U.S. Steel
Days after the U.S. election last month, Nippon Steel said it expected to close its takeover of the company before the end of the year.
While the economic benefits of Nippon Steel's acquisition of U.S. Steel are clear, concerns remain about sustaining U.S. domestic steel production, preserving national security interests and addressing union concerns.
COMMENTARY / Japan
Nov 28, 2024
Nippon Steel endgame: Resistance or renaissance for the U.S. steel industry
The endgame for Nippon Steel’s bid for U.S. Steel appears near and the results could have a significant impact on U.S.-Japan relations, depending on the outcome.
Prime Minister Shigeru Ishiba's direct approach appears to mark a shift in the Japanese government's stance on the deal.
JAPAN / Politics
Nov 26, 2024
Ishiba urges Biden to approve Nippon-U.S. Steel deal, sources say
The prime minister sent a letter asking the U.S. president to avoid marring recent efforts to strengthen ties between the two countries.
Four House Republicans wrote to Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo on Friday, saying that recent developments related to the Committee on Foreign Investment in the United States (CFIUS) "have called into question the integrity of its decision-making process,” and demanding the preservation of records related to a potential sale of U.S. Steel to Japan's Nippon Steel.
BUSINESS / Companies
Nov 26, 2024
U.S. Steel review targeted by Republicans for potential probe
GOP lawmakers are calling on U.S. President Joe Biden’s administration to preserve documents related to the proposed sale to Japan's Nippon Steel.
Nippon Steel has accused critics of the U.S. Steel deal of making inaccurate comments about the transaction.
BUSINESS / Companies
Nov 19, 2024
Nippon Steel claims union 'misinformation' in battle for U.S. Steel
Vice Chairman Takahiro Mori has reiterated commitments made by Nippon Steel, which include maintaining U.S. Steel’s blast furnace operations.
Donald Trump remains mum on the deal just as a top Nippon Steel executive readies a trip to Pittsburgh to persuade rank-and-file union members and politicians to support the $14.1 billion acquisition of the iconic American company.
BUSINESS / Companies
Nov 16, 2024
Trump promised to kill U.S. Steel deal. Now what?
The president-elect remains mum on the deal just as a top Nippon Steel executive readies a trip to Pittsburgh to rally support for the sale.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
Massive quake kills at least 150 in Myanmar and Thailand
Medical workers treat a earthquake survivor on a bed in the compound of a hospital in Naypyitaw on Friday, after an earthquake in central Myanmar.
Tokyo police seek public's help on Setagaya family murder 24 years ago
Police seek information from the public on a high-profile murder case, in Setagaya Ward, Tokyo, on Saturday
Student suicides in Japan hit all-time high
A volunteer handles an incoming call at the Tokyo Befrienders call center, a suicide hotline center in Japan's capital.
Copyright questions loom as ChatGPT's Ghibli-style images go viral
A screenshot of OpenAI CEO Sam Altman's Ghibli-style profile picture on X
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
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“The Wakey Show” is NHK’s first new daily children’s program in three years, and it carries on the station’s storied past in youth-centric educational entertainment.
Tokyo Series proves to be big business for MLB — and Japanese companies
An advertisement featuring Shohei Ohtani in Tokyo.
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A Maritime Self-Defense Force SH-60K "Super Auk" from JS Shiranui prepares to land on HMAS Brisbane during Exercise Malabar 2023 while off the coast of New South Wales, Australia.

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