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July 28, 2024
 

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US STEEL

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.
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.
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.
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.
United States Steel's Irvin Plant along the banks of the Monongahela River across from Glassport, Pennsylvania, in August
BUSINESS / Companies
Dec 19, 2023
Nippon Steel defends buying U.S. Steel at premium in global push
The American steelmaker has been considering potential transactions since mid-August, after rejecting an offer from rival Cleveland-Cliffs.
Japan Times
BUSINESS
Jun 12, 2023
Major Japanese steelmakers face high bar for decarbonization
Carbon dioxide emissions from the steel industry account for roughly 50% of the total from the domestic industry sector.
Japan Times
BUSINESS / ANALYSIS
Mar 28, 2023
Recycling offers hope to safeguard net zero goals despite soaring metal demand
Concerns are currently growing about the environmental impacts of mining and producing metals required for clean technologies, from damage to biodiversity to rising emissions.
Japan Times
BUSINESS
Mar 4, 2023
Toyota and Nippon Steel agree on price hike for first half of fiscal year
Under the agreement, the prices of steel materials that Toyota will supply to affiliated parts suppliers is expected to increase by about ¥10,000 per ton.
Japan Times
BUSINESS
Mar 3, 2023
Japan’s top steelmaker eyes $700 million ‘green steel’ project
Nippon Steel is looking at Australia and Brazil, where high-grade iron ore is accessible along with cheaper electricity than in Japan, for its new plan.
Japan Times
BUSINESS
Dec 27, 2022
Modi’s building boom setting up India as global steel savior
Poised to overtake China as the world's most populous country next year, India is in the midst of a building boom.
Japan Times
BUSINESS / Economy
Dec 10, 2022
WTO says Trump’s metals tariffs broke rules as U.S. rejects findings
The 25% tariffs on global steel imports and 10% import taxes on global aluminum violated basic WTO rules, a dispute-settlement panel said.
Japan Times
BUSINESS / Companies
Dec 6, 2022
Nippon Steel and JFE may further boost output of niche steel for electric vehicles
Electrical steels have enhanced magnetic properties and help limit energy loss in EV motors, and are also used in power-generation equipment and mobile phones.
Japan Times
BUSINESS / Companies
Nov 25, 2022
Nippon Steel eyes more stakes in coking coal mines to secure stable supply
The steelmaker says sanctions on Russia over the invasion of Ukraine have squeezed an already-tight supply of commodities such as metallurgical coal.
Japan Times
MORE SPORTS
Oct 14, 2022
Brendan Steele leads after opening round of Zozo Championship
Players from the United States dominated the top of the leaderboard on the opening day, with Adam Schenk trailing Steele by a stroke.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Ahead of the Olympics, Japan is still talking about the gymnast who won't be there
Japan's Shoko Miyata withdrew from the gymnastics team herself over her drinking and smoking, although it had already appeared as though the association was prepared to send her home from the team’s training camp in Monaco.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
‘Crazy’ yen rally is at risk of shattering as soon as Wednesday
Some investors are warning that a yen rally is fragile, as was on show this week when the yen rapidly retraced an advance after Thursday’s stronger-than-expected U.S. economic growth figures.
Japan's average life expectancy rises for first time in three years
A decline in COVID-19-caused deaths likely helped boost the average life expectancy for Japanese men and women to rise for the first time in three years in 2023.
The Japanese Olympians looking to shine in Paris
Rim Nakamura, who is attempting to win Japan's first Olympic gold medal in cycling, will be one of the top Japanese athletes to watch at the Paris Games.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

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