Nippon Steel exec headed to Washington next week in push for US Steel deal, source says

Nippon Steel Exec Headed to Washington Next Week in Push for US Steel Deal, Source Says

May 9 (Reuters) - Nippon Steel 5401.T Vice Chairman Takahiro Mori is headed to Washington next week as the company seeks to win approval of its $15 billion bid for U.S. Steel X.N, a person familiar with the matter said.

Nippon Steel exec headed to Washington next week in push for US Steel deal, source says

Nippon Steel Vice Chairman Takahiro Mori is headed to Washington next week as the company seeks to win approval of its $15 billion bid for U.S. Steel, a person familiar with the matter said. Semaphor, which first reported news of the visit, said Mori would meet with Trump administration officials during the t

Nippon Steel doubles down on making US Steel a 100% subsidiary

TOKYO -- Nippon Steel reiterated its interest in acquiring U.S. Steel on Friday, as tariffs by the Trump administration and other uncertainties facing

Nippon Steel expects profit to drop 43% this year, U.S. Steel decision by early June

In its forecast, Nippon Steel cited a weak global steel market pressured by China’s exports and the impact of new U.S. tariffs

Nippon Steel Forecasts 42.9% Drop in FY2025 Profit Amid U.S. Tariff Pressures and Market Uncertainty

Nippon Steel, Japan’s largest steel producer and the world’s fourth-largest crude steel manufacturer, has projected a significant decline in net profit for the 2025 fiscal year, citing external tariff challenges and weakening market conditions. The Tokyo-based company expects its net profit for the fiscal year ending March 2025 to fall by 42.9% to 200 billion yen (approximately $1.38 billion). This follows a 36.2% year-over-year decline in net p…

Nippon Steel expects profit to drop 43% this year, US steel decision by early June

Nippon Steel expects net profit to slide 43 per cent in the fiscal year ending March 2026, it said on Friday (May 9), citing a weak global steel market pressured by China’s exports and the impact of new US tariffs.