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- Reuters
US Steel, Nippon Steel receive all non-US approvals for merger
Nippon had clinched the deal to buy U.S. Steel last December, after edging out rivals including Cleveland-Cliffs, ArcelorMittal and Nucor. The steelmakers now need to secure an approval in the U.S., where the deal is facing regulatory scrutiny and increasing political opposition including from President Joe Biden, who wants U.S. Steel to remain domestically owned. The proposed transaction is also facing opposition from the powerful United Steelworkers union over fears of job losses, and is being scrutinized by the U.S. Department of Justice.
- Business Wire
U. S. Steel and Nippon Steel Corporation Announce Receipt of All Non-U.S. Regulatory Approvals
PITTSBURGH, May 30, 2024--United States Steel Corporation (NYSE: X) ("U. S. Steel") and Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) announced that they have received all regulatory approvals outside of the United States related to the proposed transaction between U. S. Steel and Nippon Steel. These approvals have been received from the Directorate-General for Competition of the European Commission (pursuant to the EU Merger Regulation and, separately, the Foreign Subsidies Regulation),
- Zacks
U.S. Steel (X) Launches $150M Pellet Production Facility
U.S. Steel (X) launches a $150 million DR-grade pellet production facility at the Keetac Plant in Minnesota, creating jobs and enhancing market adaptability.
