Sat, Apr 13, 2024
US Steel shareholders approve $14.9 billion acquisition by Nippon Steel, despite opposition due to national security concerns.
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Tue, Mar 19, 2024
Nippon Steel would honour all agreements currently in place between the U.S. Steel and the USW, and will not cut jobs, close facilities or move production overseas.
Wed, Mar 13, 2024
Japan's wage increases have kept well behind the average for the OECD grouping of rich countries.
Tue, Dec 19, 2023
Nucor, the largest U.S. steelmaker, offered to acquire U.S. Steel in partnership with another company, one of the sources said.
Wed, Nov 01, 2023
The latest guidance compares with a mean profit estimate of 399 billion yen in a poll of 11 analysts by LSEG and a profit of 694 billion yen last year.
Fri, Feb 10, 2023
Nippon Steel has been enjoying a healthy profit, despite reduced steel output due to slow demand from automakers, in part because as it has been raising product prices to pass on soaring costs to customers.The world's No.4 steelmaker has also expanded high-end products that are more profitable than conventional steel.
Sun, Jun 14, 2020
ArcelorMittal & Nippon Steel on Saturday said they will invest around Rs 2,000 crore in the first phase in Odisha.
Mon, Apr 02, 2018
Only companies who had put in their expression of interest (EOI) in the first round will be allowed to bid, bankers said. Though Anil Agarwal-promoted Vedanta had pulled out in the first round of bidding, it is expected to participate in the fresh round despite having won Electrosteel Steels in an insolvency auction. “Vedanta has taken over Electrosteel, but it is only a very small facility. If they want a bigger play in India, they will look at scale . Essar Steel will fit into this scheme. So they are likely to bid,” a senior banker said
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