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...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...In raising concerns over the deal Biden did not refer to national security, speaking only of the need to maintain “strong American steel companies powered by American steel workers”....
...US Steel shareholders will receive a takeover price more than double the company’s trading value prior to an auction launched this summer. However, closing the deal may prove tricky....
...Whether the acquisition is approved or blocked by US authorities for national security reasons, Nippon Steel’s current dilemma has significant implications for Japan Inc as companies pursue growth outside...
...In today’s newsletter: Two big wins for antitrust enforcers The Japanese company buying US Steel The plan to rescue Farfetch Regulators even out the antitrust score Global regulators had been on a losing...
...Policy risks in other sectors are rising too, from Joe Biden as well as Trump; just look at US Steel....
...Sekisui is the latest in the wave of Japanese companies prowling for cross-border transactions. Nippon Steel snapped up US Steel for $14.9bn last month....
...The STDC had been joined in its action by Teesworks Ltd, the public-private joint venture set up to develop the steel site....
...Arthur makes a distinction between classic production industries, for steel and the like, and knowledge-based industries....
...If you add in Biden’s opposition to Nippon Steel’s takeover of US Steel, it seems there is a lot of protectionism around in Washington nowadays masquerading as something else....
...The Texas plant has a production goal of 250,000 Cybertrucks a year, although the company does not expect to meet that objective until at least 2025....
...that the combined company would be the only American steel company among the world’s top 10 producers....
...Embattled metals magnate Sanjeev Gupta’s Liberty Steel was also given surplus emissions allowances for a steel mill in Wales that was idled this year....
...The ship, which was carrying steel products, reported no serious damage....
...“We dug our own grave with Cybertruck,” Musk said, as a result of the vehicle’s angular design and unusual stainless steel body....
...and many other Silicon Valley companies....
...Chinese steel exports have increased over the past two years, as has crude steel production. Residential property market problems do not yet seem to be hitting domestic steel demand....
...In the weeks leading up to Glencore’s AGM in May, the company made a takeover bid for Teck Resources of Canada, a miner of coal used in steel making as well as base metals....
...New tech companies have emerged, but carmaker Toyota remains by far the country’s most valuable company When Nippon Steel announced its all-cash $14.9bn takeover bid for US Steel in December, bankers saw...
...While aluminium costs more than steel, “if you combine all of the elements, the cost structure should be flattish or slightly better, but in terms of performance the gigacasting is clearly better,” said...
...Both companies are trying to cope with labour shortages and increasing material costs for everything from steel to sand....
...If legitimately convicted, that is not a good look for Korea Inc....
...Some investors have hoped the CME would launch a rival contract as it already trades aluminium, copper and steel....
...But the clean energy transition is also prompting companies in the battery sector and steel industry to flock to the Nordics, causing competition over access to electricity....
...Sayuri Takashima, a 46-year-old president of a tiny metal processing company in Osaka, increased the monthly pay for its eight employees by 30 per cent last fall despite wrestling with soaring steel and...
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