Major Japanese steelmaker Nippon Steel says it has struck a deal to acquire United States Steel for about 14 billion dollars.
Nippon Steel says US Steel will become one of its subsidiaries by the end of 2024 after obtaining approval from the shareholders of the Pittsburg-based company.
Nippon Steel says the acquisition is aimed at boosting its business in the US, where demand for steel materials is expected to grow steadily.
Nippon Steel says US Steel will become one of its subsidiaries by the end of 2024 after obtaining approval from the shareholders of the Pittsburg-based company.
Nippon Steel says the acquisition is aimed at boosting its business in the US, where demand for steel materials is expected to grow steadily.
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Summary
Japanese steelmaker Nippon Steel intends to acquire United States Steel for approximately $14 billion. The acquisition, expected to be finalized by the end of 2024, subject to US Steel shareholder approval, aims to strengthen Nippon Steel's presence in the United States, a market with growing
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ID: e2458231-7516-4fdb-99a7-efa1edba992b
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20231218_42/
Date: Dec. 18, 2023
Created: 2023/12/19 06:30
Updated: 2025/12/08 20:03
Last Read: 2023/12/19 10:16