- Reuters
Nippon Steel executive saw positive reaction from U.S. Steel workers and others
Nippon Steel Vice Chairman Takahiro Mori met with U.S. Steel's employees and community leaders this week to gain better understanding of its proposed acquisition of the U.S. company and saw positive reaction, a company spokesperson said. Mori, the key negotiator for the U.S. Steel deal, returned to the United States this week, soon after a May 20-26 trip, in an effort to close the deal amid growing regulatory scrutiny and political opposition as well as objections from the powerful United Steelworkers (USW) union over fears of job losses.
- InvestorPlace
3 Stocks to Buy as Biden Tariffs Reduce the Glut of Cheap Chinese Steel
The Biden administration announced in May 2024 that it would not only leave the existing tariffs on Chinese steel and aluminum in place but is proposing to triple them. The implications for the United States steel industry is a simple matter of supply and demand. Which is why it’s time for investors to look for steel stocks to buy. The current Section 301 of the Trade Act of 1974 imposes a 7.5% tariff on steel and aluminum imports from China. The Biden administration is proposing increasing thos
- Zacks
U.S. Steel (X), Nippon Steel Clear Non-US Regulatory Hurdles
U.S. Steel (X) and Nippon Steel receive all necessary non-U.S. regulatory approvals for their transaction, which is expected to close in second-half 2024.
