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The $14.9 billion sale of iconic steelmaker US Steel to Japan’s Nippon Steel ends months of speculation over industry consolidation in a move criticized by union workers, but seen by one analyst ...
United States Steel Corporation (NYSE: X) upgraded from Underweight to Equal-Weight, price target cut from $30 to $21. Cleveland-Cliffs Inc (NYSE: CLF ) reiterated at Equal-Weight, price target ...
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 ...
American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
Cleveland Cliffs acquired AK Steel in 2019 right before steel prices began to spike and within a year, it acquired ArcelorMittal USA in 2020 for $1.4 billion. U.S. Steel bought Big River Steel the ...
Nippon agreed to buy US Steel a year ago for nearly double the price of the hostile offer the company received from US-based Cleveland Cliffs. To secure approval for the deal, Nippon pledged to ...
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 ... Goncalves told investors in 2023 that being the sole American supplier of certain steel products would "push prices up." ... In Other News.
The 124-year-old US Steel spent much of 2024 lobbying the Biden administration to approve the tie-up, which would have allowed the world’s fourth-largest steelmaker an entry into the US market.