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US says review of Nippon-US Steel deal ongoing

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,

Bloomberg L.P. · 2d

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 to win over workers and politicians for its bid to buy the Pittsburgh-based steelmaker.

U.S. News & World Report · 1d

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.

safeguard duty, steel imports

Reuters on MSN · 4h

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 on Thursday, as it attempts to rein in a flood of cheap imports from China.

The Economic Times on MSN · 3h

Govt considering proposal to impose safeguard duty on steel imports

The Indian government is considering a 25% safeguard duty on steel imports to address concerns raised by domestic producers about rising imports, especially from China. While over 60% of imports arrive duty-free from FTA countries,

moneycontrol.com · 3h

Steel stocks off lows after minister says Centre considering safeguard duty on imports

A final call on the imposition of the duty may be taken by the Finance Ministry based on the recommendations of the Ministry of Commerce.

green steel, India

Reuters · 4h

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 based on the quantity of carbon emissions per metric tonne of the alloy produced.

Business Line · 2h

India becomes first nation to define ‘Green Steel’ with new emissions standards & star rating system

The star rating system so introduced is also on the basis of “this greenness”. For instance, the best quality steel which has a five star rating will have an emission intensity lower than 1.6t-CO2e/tfs;

Business Standard · 3h

Govt announces formula for classifying green steel based on emissions

Steel produced with emissions below 1.6 tonnes per tonne of alloy would be classified as 'five-star green-rated steel', the cleanest of the three

Nippon Steel plegdes $5,000 worker bonus

The Times of Northwest Indiana · 1d

Nippon Steel offering U.S. Steel employees $5,000 bonuses that union calls bribery

Nippon Steel is offering nearly $100 million in closing bonuses, including of $5,000 to union employees. The United Steelworkers union, which has been staunchly opposed to a deal it fears will weaken domestic steelmaking,

Business Insider · 1d

Nippon Steel to give $5,000 closing bonus to U.S. Steel employees in the U.S.

Nippon Steel (NPSCY) announced a commitment to reward U.S. Steel (X) employees in the United States with a closing bonus of $5,000, less

Kyodo News on MSN · 1d

Nippon Steel plegdes $5,000 worker bonus after U.S. Steel acquisition

Nippon Steel Corp. pledged Wednesday to pay $5,000 to each United States Steel Corp. employee as a one-time "closing bonus" if the Japanese steelmaker is permitted to complete its controversial acquisition of the American firm.

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 ...

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 ...

19hon MSN

U.S. Steel Stock Drops on Report Biden to Block Nippon Takeover

U.S. Steel stock was tumbling after Bloomberg reported that President Joe Biden would block its acquisition by Japanese steel ...

22h

U.S. Steel's Proposed $14.9 Billion Merger With Nippon Steel

Here's a timeline of events leading up to the deal between the two steelmakers: Nippon Steel, citing national security ...

US Steel plunges after report Biden set to block $14B sale to Nippon Steel

US Steel plummets as Joe Biden plans to block $14 billion sale to Nippon Steel, citing national security concerns.

The Fabricator1d

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 ...

23h

Thyssenkrupp labour leader demands clarity from Kretinsky on steel JV plans

Workers at Thyssenkrupp's steel unit are demanding clarity from co-owner Daniel Kretinsky over his strategy for the division, ...

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US says review of Nippon-US Steel deal ongoing

safeguard duty, steel imports

green steel, India

Nippon Steel plegdes $5,000 worker bonus

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