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US says review of Nippon-US Steel deal ongoing
US Says Review of Nippon-US Steel Tie-Up Ongoing as US Steel Shares Tumble
(Reuters) - U.S. President Joe Biden plans to formally block Nippon Steel's proposed takeover of U.S. Steel on national security grounds once the multi-billion dollar deal is referred back to him later this month, Bloomberg News reported on Tuesday, citing people familiar with the matter.
US says review of Nippon-US Steel deal ongoing as US Steel shares tumble
A national security review of Nippon Steel's $15 billion bid for U.S. Steel is ongoing and President Joe Biden will see what it yields before making a decision on whether to block the deal, the White House said on Tuesday,
U.S. Steel drops as Biden set to block Nippon Steel deal
President Joe Biden plans to formally block the $14.1 billion sale of U.S. Steel on national security grounds, people familiar with the matter said.
UBS downgrades Steel Dynamics on balanced risk/reward
UBS downgrades steel stocks citing less compelling risk-reward post rally
Steel Dynamics Inc (NASDAQ:STLD), and Commercial Metals Company (NYSE:CMC), citing less compelling risk-reward dynamics following a strong rally in their shares. Nucor and Steel
UBS downgrades Steel Dynamics on balanced risk/reward post rally
UBS analyst Andrew Jones downgraded Steel Dynamics (STLD) to Neutral from Buy with a price target of $149, up from $145. Despite “weak” steel
UBS downgrades Steel Dynamics, Nucor and Commercial Metals Company
UBS downgraded a few steel companies on Thursday, with Steel Dynamics (NASDAQ:STLD) and Nucor (NYSE:NUE) downgraded to Neutral, and Commercial Metals Company (NYSE:CMC) to Sell. The analysts downgraded STLD,
1d
Explainer-What Next for Nippon Steel and US Steel's $15 Billion Mega-Merger?
(Reuters) - A U.S. government panel is set to submit its recommendations this month on whether a Japanese takeover of U.S.
13h
India announces formula for classifying green steel
India's steel ministry on Thursday announced a formula for defining 'green steel,' classifying it under three categories ...
2d
Biden to kill Nippon Steel’s $15B takeover of US Steel on national security grounds: report
The Committee on Foreign Investment in the United States panel reviewing the deal must refer its decision on the merger to ...
1d
President Biden reportedly set to block sale of Pittsburgh's U.S. Steel to Japan-based Nippon Steel
WASHINGTON (KDKA) - President Joe Biden is reportedly preparing to block the sale of U.S. Steel to Nippon Steel . As of ...
The Fabricator
1d
A better idea than tariffs to help the steel industry
A better idea would be for the federal government to use price supports for steel, like it does for farmers. When the price ...
1d
on MSN
Japanese takeover could spell long-term decline of U.S. Steel, union chief says
The head of a powerful labour union opposing U.S. Steel's sale to Japan's Nippon Steel said he has not received assurances ...
2d
Impasse deepens over U.S. Steel takeover as government review nears end
Face-to-face talks between Nippon Steel and the United Steelworkers union failed to close the gap over the Japanese company’s ...
11h
SSAB: Difficult To Forecast The Future In Steel, But Appealing Below 50 SEK
SSAB AB (SSAAF) faces significant volatility and negative growth, with EPS expected to drop through 2025. See why I maintain ...
13h
India considers 'safeguard' duty on steel, minister says
India is weighing imposition of a "safeguard duty", or a temporary tax, on steel, the steel minister, H.D. Kumaraswamy, said ...
3d
Nippon Steel Makes Final Push to Win Over US Workers
Nippon Steel Corp. clarified its spending plans at US mills owned by United States Steel Corp. as part of last-ditch efforts ...
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