Page 3 - Nippon Steel

AM/NS India invests Rs 1K crore for new production line in Gujarat

AM/NS India mentioned that it is already in advanced discussions to supply Magnelis to key players in India's renewable energy and infrastructure sectors

Joe Biden urged to reconsider $14 bn US Steel takeover by Nippon Steel

US Steel closed up 7 per cent in New York on Wednesday after recording the biggest intraday increase since Dec 18 earlier

Nippon Steel's US setback a wake-up for Japan Inc's foreign investments

Some advisers said that the Nippon Steel deal was complicated by the US presidential election, with many Republican and Democratic lawmakers voicing opposition to it

President Biden close to blocking Nippon Steel's acquisition of US Steel

US Steel had earlier warned that a failure to conclude a deal with Japan-based Nippon would put thousands of US union jobs at risk

President elections put Nippon Steel's $15 bn takeover of US Steel in peril

On December 18, the companies announced that Nippon Steel had agreed to acquire US Steel for $14.9 billion, a 40 per cent premium to US Steel's share price at the time

Trump pledges to put an end to pollution rule, Nippon-US steel merger

He did not elaborate on how he would accomplish that goal beyond advocating broad measures

Aiming to expand in US, India, Nippon to dissolve JV with China's Baoshan

Nippon Steel has been looking to end cooperation with Baoshan, a subsidiary of state-owned China Baowu Steel Group, the world's largest steelmaker for about two years

With geo-political concerns, engg firms nudge suppliers to 'Make in India'

These firms are either tying up with Indian entities of their foreign suppliers, or urging foreign suppliers to set shop in India

Nippon-US Steel deal may hike decarbonisation costs, say shareholders

Nippon Steel, the world's fourth biggest steelmaker, last year announced a $15 billion takeover offer for US Steel

Japanese steelmaker JFE eyes overseas investments amid slower profit growth

In February, JFE announced an average increase in steel product sale prices of 10% from April to reflect rising raw material costs and global inflation

Arcelormittal Nippon Steel India in talks for $1 bn loan to fund growth

The steel firm had earlier held loan negotiations with a few other lenders but they couldn't agree on the cost of funding, said the people

AM/NS India will have 'robust financial discipline' while expanding: CFO

Acquisition is growth driver for AM/NS and its parent companies, ArcelorMittal and Nippon Steel, says Amit Harlalka

US senator urges Prez Biden to review alleged Nippon Steel ties to China

Nippon Steel said in a statement that Horizon's report was "rife with inaccuracies and misrepresentations"

Nippon Steel defends US deal after Joe Biden comes out against bid

Japan's largest steel company repeated its previous offer of an additional $1.4 billion in investment, and promised no layoffs or plant closures until at least September 2026

US Steel should remain American owned and operated, says President Biden

US Steel shares retreated in early trading, after plunging 13% on Wednesday when news first broke that Biden would express concern about the deal

ArcelorMittal's XCarb India Accelerator programme selects three finalists

The programme, launched in July 2023, was aimed at identifying start-ups focused on the most "promising" decarbonisation technologies in India

ArcelorMittal Nippon Steel joint venture targets 20% emission cut by 2030

The report also sets out a series of strategic investments, pilots, and partnerships to accelerate the uptake of breakthrough technologies necessary to produce net zero steel in India

ArcelorMittal partners with IIT Madras to create Hyperloop facility in TN

Steel giant ArcelorMittal has partnered with the Indian Institute of Technology, Madras to build "Asia's first" Hyperloop test track facility here, the company said here on Wednesday. The companies, ArcelorMittal and ArcelorMittal Nippon Steel India (AM/NS), are providing foundational steel materials as well as engineering, design, and project management expertise to support the construction of Asia's first Hyperloop test track at the 163-acre Discovery campus of IIT Madras, located at Thaiyur on the outskirts of Chennai, a company release here said. ArcelorMittal is collaborating with the IIT Madras's Hyperloop Technology teams -- Avishkar Hyperloop, a student team, and TuTr Hyperloop, a startup incubated in IIT Madras, for the project. The Ministry of Railways is also a key partner. ArcelorMittal and AM/NS will supply 400 tonnes of steel for the fabrication of a 400-metre vacuum tube at the site, while engineers from AMDEC, the design and engineering arm of ArcelorMittal, will hel

Storied US Steel to be acquired for more than $14 billion by Nippon Steel

US Steel, the Pittsburgh steel producer that played a key role in the nation's industrialisation, 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. The combined company will be among the top three steel-producing companies in the world, according to 2022 figures from the World Steel Association. The price tag for US Steel is nearly double what was offered just four months ago by rival Cleveland Cliffs. US Steel, which rejected that offer, confirmed the offering price from Nippon early Monday. US Steel will keep its name and its headquarters in Pittsburgh, where it was founded in 1901 by JP Morgan, Andrew Carnegie. It will become a subsidiary of Nippon. Nippon said Monday that it will also honour all collective bargaining agreements in place with the United Steelworkers and other employees, and is committed to maintaining its relationship with workers. Nippo

Steelmaker AM/NS India's Ebitda up 161% on higher shipments, lower costs

Shipments were 11.6% higher at 1.9 million tonnes compared to 1.7 mt in the previous quarter