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November 21, 2024
 

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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.
Nippon Steel Vice President Takahiro Mori is set to visit United States next week to meet with union members in a bid to move forward a U.S. Steel takeover deal.
BUSINESS / Companies
Nov 14, 2024
Nippon Steel’s vice president to meet steelworkers in Pittsburgh next week
The move shows the Japanese company is making a push to persuade union members that its bid to take over U.S. Steel will be good for workers.
Nippon Steel Chairman and CEO Eiji Hashimoto told a local weekly that a lawsuit is possible if the company's proposed buyout of U.S. Steel gets blocked without proper procedures being followed.
BUSINESS / Companies
Nov 13, 2024
Nippon Steel does not rule out lawsuit if U.S. Steel deal nixed, CEO says
If the deal falls through without a legitimate reason or proper procedures, the Japanese steelmaker would consider suing the U.S. government, CEO Eiji Hashimoto says.
A pedestrian on a bridge walks past buildings in Pudong's Lujiazui Financial District in Shanghai on Jan. 9.
BUSINESS / Companies
Nov 10, 2024
Foreign firms pull more money from China’s slowing economy
Should the decline continue for the rest of the year, it would be the first annual net outflow in FDI since at least 1990, when comparable data begins.
U.S. Steel's Clairton Coke Works facility in Clairton, Pennsylvania
BUSINESS / Companies
Nov 8, 2024
Nippon Steel seeks to close U.S. Steel deal before Trump is president
Before the Nov. 5 election, which handed him victory, Donald Trump promised to block the deal if reelected.
Asian chipmakers, led by Taiwan's TSMC and South Korea's Samsung Electronics, have collectively invested at least $117 billion in the U.S.
BUSINESS / Companies
Nov 7, 2024
What's at stake for Asian companies under a Trump presidency
Trump has floated the idea of a 10% or more tariff on all goods imported into the U.S.
A U.S. security panel granted Nippon Steel permission to refile its bid, pushing a final decision beyond the presidential election next month.
BUSINESS / Companies
Oct 12, 2024
Nippon Steel will exit Alabama plant if U.S. Steel bid succeeds
Japan’s biggest steelmaker would offload its 50% holding in AM/NS Calvert to its joint-venture partner ArcelorMittal for $1, it said in a statement on Friday.
U.S. President Joe Biden disembarks from Air Force One upon arrival at Dover Air Force Base in Dover, Delaware, on Friday.
BUSINESS / Companies
Sep 28, 2024
Biden still opposes Nippon Steel deal's bid for U.S. Steel
The remarks threw cold water on hopes by deal supporters that the proposed tie-up could get a green light from a key review committee.
U.S. Steel said an arbitration board had ruled in favor of Nippon Steel's $14.9 billion buyout of the company.
BUSINESS / Companies
Sep 26, 2024
U.S. Steel says arbitration board rules in favor of Nippon Steel's $14.9 billion buyout
Nippon Steel had paid a hefty premium to clinch the deal for U.S. Steel on a bet that it could benefit from U.S. President Joe Biden's infrastructure spending bill.
Nippon Steel Vice Chairman Takahiro Mori says the company remains committed to talks with the United Steelworkers (USW) labor union.
BUSINESS / Companies
Sep 24, 2024
Nippon Steel's Mori asks USW leadership to 'come to the table'
The deal has faced opposition from high-profile Democrats and Republicans ahead of the U.S. November presidential elections.
A United Steelworkers sign is seen outside the Great Lakes Works U.S. Steel plant in River Rouge, Michigan.
BUSINESS / Companies
Sep 18, 2024
U.S. decision on Nippon Steel bid pushed back until after election
The move offers a ray of hope for the companies, whose proposed deal appeared set to be blocked on national security grounds.
Nippon Steel may be interested in buying the troubled Italian steel plant formerly known as Ilva, Il Sole 24 Ore reported on Saturday, without saying where it got the information.
BUSINESS / Companies
Sep 14, 2024
Nippon Steel may bid for Italy’s ex-Ilva plant, report says
Representatives of Italy’s government and Japan’s embassy discussed the potential offer last week, the newspaper said without revealing its source.
A water tower at the United States Steel Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4
BUSINESS / Companies
Sep 14, 2024
Biden administration is likely to delay decision over U.S. Steel
The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company.
Nippon Steel headquarters in Tokyo
BUSINESS / Companies
Sep 13, 2024
Nippon Steel and U.S. Steel send letter to Biden on merger plans
A spokesperson did not provide details about the letter's content, but said it was signed by the chief executives of both steelmakers.
Nippon Steel argues that its acquisition of U.S. Steel would be a win-win.
BUSINESS / Companies
Sep 12, 2024
Quiet assurances mooted as U.S. Steel deal shakes global order
Analysts and informed observers have been gaming out the possible outcomes and adding up the potential damage.
A steel plant in Shanghai operated by Baoshan Iron & Steel. Nippon Steel said in July it will dissolve its joint venture with the Chinese firm.
BUSINESS / Companies
Sep 9, 2024
Japanese firms sour on China after long years of brushing off risks
Almost half of Japanese firms in China polled in a recent survey said they won’t spend more or will cut investment this year.
Former Defense Minister Shigeru Ishiba attends a news conference in Tokyo on Friday, ahead of the Liberal Democratic Party leadership election.
BUSINESS / Companies
Sep 7, 2024
U.S. opposition to Nippon Steel deal 'very unsettling,' PM hopeful Ishiba says
Some experts say blocking the deal could undermine U.S.-Japan cooperation on national security, and put the lie to the notion of "ally shoring."
A water tower at a U.S. Steel mill in Braddock, Pennsylvania, on Wednesday
BUSINESS / Companies / ANALYSIS
Sep 7, 2024
Nippon Steel's U.S. setback a wake-up for Japan Inc.'s foreign forays
Buyers and sellers of assets were taking more time analyzing political trends and scrutinizing whether a target is in an industry that might trigger intervention.
The U.S. Steel Irvin Plant in Pennsylvania
BUSINESS / Companies
Sep 6, 2024
Union chief assails U.S. Steel CEO and calls deal for company flawed
United Steelworkers President David McCall said he didn’t think the future of U.S. Steel hinged on Nippon Steel buying the company.
Ishiba delays meeting with Trump, citing legal restrictions
Prime Minister Shigeru Ishiba waves upon arrival for the Asia-Pacific Economic Cooperation forum, in Callao, Peru, on Friday.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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