How the Nippon Steel Deal Will Impact Domestic Steel Industry

Nippon keeps U.S. Steel management largely intact, for now

David Burritt remains president and CEO of Nippon-owned U.S. Steel Corp., leading an executive team that looks largely the same nearly two weeks after...

How the Nippon Steel deal will impact domestic steel industry

Nippon Steel closed its $14.1 billion acquisition of U.S. Steel last week following 18 months of negotiations and political roadblocks.

Nippon Steel: Acquisition of Major U.S. Manufacturer Aimed at Regaining Top Spot

Can Nippon Steel Corp., once the world’s largest steelmaker, regain the top spot? The Japanese steelmaker will be tested as to whether it will be able to work out an investment strategy in U.S. steel giant United States Steel Corp. and promptly reorganize the management of the U.S. manufacturer.

Vice Chairman of Nippon Steel looking forward to make Mon Valley region on the frontline of steelmaking around the world the week after Nippon Steel and U.S. Steel finalize a deal to combine companies - Beaver County Radio

(File Photo: Source for Photo: FILE – United States Steel’s Edgar Thomson Plant in Braddock, Pa. is shown on Feb. 26, 2019. U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. Nippon, which will pay $55 per share for U.S. St…

Nippon Steel, U.S. Steel Tie-Up Could Be A ‘Game Changer’

After a tortuous 18 months of presidential orders, lawsuits, and heated electoral campaign rhetoric, Japan’s Nippon Steel at last controls U.S. Steel. The deal, which forms the world’s fourth largest steelmaker, was concluded on June 18, and ironically, the terms were essentially the same ones the two companies agreed to in December 2023: $55 per share for 100% of shares outstanding, or $14.9 billion. “This partnership ensures that U.S. Steel w…