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...“Nippon Steel’s deep ties to the Chinese Communist party are troubling, and its relationship with the CCP must be scrutinised as it pursues an acquisition of US Steel,” Casey said....
...Under Mochida, Goldman dramatically expanded its presence in Japan through its involvement in some of the country’s biggest deals, including the $22.5bn merger between Nippon Steel and its rival Sumitomo...
...Shougang supplies steel to the Chinese military. The study examined the material limits of a class of advanced high-strength steel that has been proposed for use in civil and military applications....
...Joe Biden has declared his opposition to Nippon Steel’s proposed $14.9bn purchase of US Steel, saying it was “vital” for the American steel company to remain “domestically owned and operated”....
...China’s heavily subsidised steel and aluminium makers have flooded global markets with discounted metals, costing Pennsylvania jobs, he said....
...Nippon Steel is not a member....
...But, within 48 hours of the Nippon Steel announcement, the vague spectre of national security concern has been invoked....
...His comments on Tuesday followed the announcement of Nippon’s all-cash $14.9bn takeover bid for US Steel, a deal that would make the combined group the world’s third-biggest steel producer....
...Nippon Steel has agreed to buy US Steel in a $14.9bn deal, as the Japanese group targets the American market with its largest-ever acquisition....
...The writer is director of economic policy studies at the American Enterprise Institute Nippon Steel and US Steel reached a deal in December for the Japanese steelmaker to acquire its iconic US competitor...
...The White House is wary even of Nippon Steel of Japan, a US ally, taking over America’s third-largest steelmaker, US Steel. So will the UK plan one day look foolish?...
...Nippon Steel agreed to an 11.8 per cent increase in base salary, exceeding its trade union’s request for the biggest jump in monthly pay since 1979....
...This came after Japanese blue-chip companies, including Nippon Steel and carmaker Honda, handed employees their biggest pay rise in more than 30 years....
...Europe’s abundance of coal has so far discouraged its steel industry from transitioning to electric arc furnaces, a method that makes up around 70 per cent of US steel output and mostly uses scrap metal...
...Dealmakers on both sides of the Pacific have reason to celebrate as Nippon’s all-cash takeover bid sparks hope for a wave of M&A as cash-rich Japanese corporations look to expand beyond their shrinking domestic...
...State-owned Comac was established jointly with companies including Shanghai-listed Aluminum Corporation of China, China Baowu Steel Group and Sinochem Corporation....
...More than 20 other companies are under appreciated by top sustainability funds around the world, including Nippon Steel, Sumitomo Chemical and other auto companies, according to the bank....
...The Japanese bank Sumitomo Mitsui has been buying up stock in Jefferies in recent years to become a leading shareholder as part of a strategic partnership....
...Glencore has agreed to pay $6.9bn in cash for a 77 per cent stake in Teck’s coal business that supplies the steel industry. Japan’s Nippon Steel and South Korea’s Posco will own the rest....
...Steel Q3, Ørsted FY, Pandora Q4, Securitas FY, Smurfit Kappa FY, Suzuki Motor Q3, TotalEnergies FY, Uber Q4, Vestas FY, Vinci FY, Walt Disney Q1 Thursday China: January consumer price index (CPI) and...
...The hoopla over Nippon Steel’s bid for US Steel is a case in point — the administration has been saying we need to make new trade alliances to counter China, but is balking at a bid from a Japanese company...
...Nippon’s $14.9bn bid for US Steel is Japan’s largest overseas acquisition this year and would make the combined group the world’s third-biggest steel producer....
...There’s also German metals company Aurubis and its Japanese peer Nippon Steel, South Korean construction business Samsung C&T, and French shipping company CMA CGM....
...Sumitomo Mitsui Banking Corporation has named Clarke Adams as head of high-yield capital markets and Matt Burke as head of leveraged finance origination....
...Steel, which aims to take a 10 per cent stake in the business....
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