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The original company, known as Japan Iron & Steel Co., Ltd. (日本製鐵, Nihon Seitetsu), was split into two separate companies in 1950. These two companies later merged in 1970 to form Nippon Steel Corporation [a] and this name lasted until 2012, when it merged with Sumitomo Metal Industries. [8]
Ovako AB is a European manufacturer of engineering steel for customers e.g. in the bearing, transportation and manufacturing industries. Since 2018, Ovako has been owned by Nippon Steel Corporation. [1] The production is based on recycled steel scrap and includes steel in the form of bar, tube, ring and pre-components.
The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources saying the ...
Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker ...
WASHINGTON (Reuters) - U.S. President Joe Biden on Friday followed through on his pledge to block Nippon Steel's $14.9 billion bid for U.S. Steel, citing concerns the deal could hurt national ...
Nippon Steel and US Steel are suing the US government over blocking a takeover, claiming that President Joe Biden "ignored the rule of law to gain favor" with trade unions. The two companies also ...
Sumitomo Metal Industries, Ltd. (住友金属工業株式会社, Sumitomo Kinzoku Kōgyō Kabushiki-gaisha) was a steel manufacturer based in Osaka, Japan until it merged with Nippon Steel in 2012 to form Nippon Steel & Sumitomo Metal Corporation, the third largest steel manufacturer in the world as of 2015. [1]
Nippon Steel and U.S. Steel have filed a lawsuit challenging the Biden administration's order to block the nearly $15 billion deal for the Japanese company to buy the American steelmaker. The ...