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Trump administration unveils ‘golden share’ terms in US Steel-Nippon deal

June 16, 2025 9:22 am

The latest revelations expand on an earlier executive order signed by President Donald Trump that authorised the foreign investment as part of a national security agreement.

Trump approves Nippon Steel's $14.9 billion purchase of US Steel

June 14, 2025 9:00 am

Trump approved the merger through an executive order, requiring the companies to sign a national security agreement with the Treasury. They complied, securing the green light for the $14.9 billion deal.

Trump to rally in Pennsylvania to endorse Nippon–US steel deal he once vowed to block

May 30, 2025 1:14 pm

The rally follows Trump’s reversal last week on his earlier pledge to block Nippon Steel’s acquisition of Pittsburgh-based US Steel, announcing instead a “partial ownership” deal.

Trump backs Nippon Steel's tie up with US Steel to enter into ‘partnership’

May 24, 2025 10:16 pm

Former president Joe Biden blocked the $14.3 billion acquisition during his final week in office. Trump, too, had expressed similar reservations earlier.

Surat: AM/NS receives another penalty notice for ‘encroachment’, asked to pay Rs 88 crore this time

February 25, 2025 7:28 am

This came a few weeks after the company, in January 2025, received a penalty notice of Rs 18 crore over alleged encroachment on government land.

Nippon, US Steel file suit after Biden administration blocks USD 15 billion deal

January 06, 2025 7:15 pm

Nippon Steel had promised to invest USD 2.7 billion in US Steel's aging blast furnace operations in Gary, Indiana, and Pennsylvania's Mon Valley.

Biden blocks Japan firm's bid to acquire US steelmaker: why this is a shortsighted decision, what could happen now

January 03, 2025 10:40 pm

Joe Biden Blocks Nippon Steel: The takeover of the iconic US Steel by Japan’s Nippon Steel was announced in 2023. There has been bipartisan political opposition to the deal – even though it contradicts the foundational American commitment to free markets and unfettered enterprise.

Biden to block US Steel sale to Japan’s Nippon Steel: Report

January 03, 2025 1:24 pm

US Steel directed Reuters to a statement earlier on Thursday saying it hoped "Biden will do the right thing and adhere to the law by approving a transaction that so clearly enhances US national and economic security."

FPI outflows should not be seen as any concern… it’s part of a regular exercise: Nippon India MF CEO

November 11, 2024 6:06 pm

Like the domestic investors who churn between different companies and stocks, FPIs churn between different countries,” says Sundeep Sikka, ED and CEO, Nippon India Mutual Fund.

Tata Steel, ArcelorMittal, Nippon, JSW Steel Ltd, ArcelorMittal Nippon Steel (AM/NS India), Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Specialty steel PLI: As many as 75 applications received

September 19, 2022 12:59 am

The objective of the PLI scheme is to promote manufacturing of specialty steel grades within the country and help the Indian steel industry mature in terms of technology as well as move up the value chain. The Union Cabinet approved the scheme on July 22, 2021 and it was notified on July 29.