OTC Markets OTCPK - Delayed Quote ? USD Nippon Steel Corporation (NISTF) Follow Compare 20.71 0.00 (0.00%) As of October 15 at 4:00 PM EDT. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Nippon Steel to Sell Stake in Calvert JV to ArcelorMittal in Push for U.S. Steel Deal ArcelorMittal said it would take on Nippon Steel’s 50% stake in the joint venture if the Japanese steelmaker managed to acquire U.S. Steel. The Wall Street Journal ? 5 days ago NISTF 0.00% NPSCY +1.80% AMSYF 0.00% Japan Trade Agency Eyes Chinese Steel With Anti-Dumping Proposal (Bloomberg) -- Japan’s Ministry of Economy, Trade and Industry is seeking to broaden the scope of anti-dumping duties to cover Chinese steel among other products routed via third countries, according to a ministry official. Most Read from BloombergNJ Transit, Amtrak Trains Delayed After Derailment Near NYCWhere Cargo Bikes Are Freeing Cities From Polluting VansExclusive Palo Alto Girls School Borrows $106 MillionEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Mi Bloomberg ? 20 days ago NISTF 0.00% NPSCY +1.80% Arbitrators Rule Against Union’s Objections to U.S. Steel Sale The United Steelworkers’ opposition to the sale of U.S. Steel was dealt a setback after an arbitration panel ruled Nippon Steel sufficiently complied with the union’s contract to become the storied steelmaker’s new owner. The union filed a grievance earlier this year alleging that Nippon Steel hadn't met the requirements and obligations of its labor agreement with U.S. Steel, which runs into 2026. The three-member arbitration panel determined that Japan’s Nippon Steel provided assurances and showed the financial capability to comply with the contract, U.S. Steel said. The Wall Street Journal ? 20 days ago X NISTF 0.00% NPSCY +1.80% Nippon Steel Finds Unlikely Ally in Pittsburgh Workers In Pennsylvania’s steel country, locals fight to keep their jobs at U.S. Steel even if it means foreign ownership. The Wall Street Journal ? last month NISTF 0.00% NPSCY +1.80% X Biden admin. signals delay in decision on Nippon-US Steel deal The Biden administration signaling a delay in their decision over whether to effectively block Japanese-owned Nippon Steel's (5401.T, NPSCY) buyout of US Steel (X) Market Domination hosts Julie Hyman and Josh Lipton report on the story and whether the White House could shut the deal down via the Committee on Foreign Investment in the United States (CFIUS). For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? last month X NISTF 0.00% NPSCY +1.80% US Steel upgraded to Overweight by JPMorgan. Here's why JPMorgan analysts have upgraded shares of US Steel (X) to Overweight, believing there to be a buying opportunity in the stock as the Biden administration is trying to block US Steel's acquisition by Japanese-owned Nippon Steel (5401.T, NPSCY). Morning Brief anchors Seana Smith and Brad Smith monitor US Steel's stock price over recent headlines. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? last month NISTF 0.00% NPSCY +1.80% X Could Biden actually block the Nippon-US Steel deal? The Biden administration is readying to block Japanese-owned Nippon Steel's (5401.T, NPSCY) acquisition of US Steel (X), potentially positioning the Committee on Foreign Investment in the United States (CFIUS) to strike down the deal on the grounds of national security concerns. Yahoo Finance senior columnist Rick Newman gives an update on the Nippon-US Steel deal. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? last month X NISTF 0.00% NPSCY +1.80% Japan Bid for U.S. Steel Runs Up Against U.S. Politics Nippon Steel miscalculated the U.S. political implications of a foreign company taking over a major employer in the swing state of Pennsylvania. The Wall Street Journal ? last month NISTF 0.00% NPSCY +1.80% X Biden Prepares to Block $14 Billion Steel Deal U.S. Steel chief executive said the company would close steel mills if its planned sale to Nippon Steel collapses, as the Biden administration is moving closer to blocking the deal. CEO David Burritt said the nearly $3 billion that Japan-based Nippon Steel has pledged to invest in the Pittsburgh company’s older mills is critical to keeping them competitive and maintaining workers’ jobs. “We wouldn’t do that if the deal falls through,” Burritt said in an interview. The Wall Street Journal ? last month X NISTF 0.00% NPSCY +1.80% Biden set to block Nippon's US Steel takeover: Reports President Joe Biden is set to block Nippon Steel's (NISTF, NPSCY) take over of US Steel (X), according to a report from The Washington Post and others. As headlines of the news surfaced, shares of US Steel began to drop over 18%. Market Domination Anchors Josh Lipton and Julie Hyman break down the latest development for these companies and what it could mean for them moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino Yahoo Finance Video ? last month NISTF 0.00% NPSCY +1.80% X Why Harris, Trump oppose US Steel sale to foreign company Vice President Harris and former President Trump find common ground in their belief that U.S. Steel (X) should remain American-owned. In December, Japanese-owned Nippon Steel (NPSCY, 5401.T) agreed to acquire US Steel for $15 billion. As the election unfolds, Barron's Associate Editor Al Root joins to discuss the outlook for US Steel. Root suggests that the candidates' focus on US Steel could be a strategic move to win over the swing state of Pennsylvania. He notes that currently, the race is "a toss-up" between the candidates, and Pennsylvania could potentially "swing the entire election." "It's all politics. You should just call it what it is," he tells Yahoo Finance. Root goes on to break down why both candidates oppose Japan's Nippon Steel deal despite describing it as "a good deal." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith Yahoo Finance Video ? last month X NISTF 0.00% NPSCY +1.80% Volkswagen, US Steel, Unity Software: Morning movers Here are three stories that investors may have missed this morning. Volkswagen (VOW3.DE, VOW.DE, VWAGY) leadership is warning it may have to shutter plants in Germany due to the increasingly competitive automotive landscape. If it were to happen, it would be the first time in the company's history it has ever closed a plant in Germany. Vice President Kamala Harris says US Steel (X) should remain an American-owned company. The company agreed to a $15 billion takeover bid from Japanese-owned Nippon Steel (NPSCY, 5401.T) in December. The United Steelworkers union has also voiced opposition to the acquisition, as has President Joe Biden and former President Donald Trump. Unity Software (U) shares jumped after getting an upgrade to Overweight from Equal Weight at Morgan Stanley. Morning Brief anchors Brad Smith and Madison Mills discuss some of the stocks on the move Tuesday morning. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich. Yahoo Finance Video ? last month VLKAF VLKPF VWAGY Nippon Steel Announces Transformative Investments at U. S. Steel's Mon Valley Works and Gary Works Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) today announced additional project investments to be made at Mon Valley Works and Gary Works, as part of its pending acquisition ("Transaction") of United States Steel Corporation ("U. S. Steel") (NYSE: X). PR Newswire ? last month NISTF 0.00% NPSCY +1.80% X Whitehaven Coal Signs $1.08 Billion Mine Stake Sale With Japanese Steelmakers Whitehaven Coal said it has signed deals to sell a 30% share in a newly acquired Australian coal mine for US$1.08 billion to a pair of Japanese steelmakers eager to shore up future supplies of the commodity needed to fuel their mills. The Australian coal producer on Thursday said Nippon Steel and JFE Steel, both long-term customers of the Blackwater metallurgical coal mine, will buy a 20% and 10% stake, respectively, in that operation, in deals that Whitehaven said will strengthen its balance sheet. Whitehaven announced the agreements as it recorded a sharp fall in annual profit in large part because of a halving in coal prices. The Wall Street Journal ? last month NISTF 0.00% NPSCY +1.80% WHITF Biden voices support for workers who are against US Steel sale At a press conference with Japanese Prime Minister Kishida Fumio, US President Joe Biden was asked about his opposition to the sale of US Steel (X) to Nippon Steel (NPSCY, 5401.T). Biden responded by saying, "I stand by my commitment to American workers. I'm a man of my word. I'm going to keep it. And, with regard to that, I stand by our commitment to our alliance." Biden had previously released a statement voicing opposition to the deal. He joins the US Steelworkers union, which is also against it. Yahoo Finance's Julie Hyman and Josh Lipton discuss the president's comments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich. Yahoo Finance Video ? 6 months ago NISTF 0.00% NPSCY +1.80% X UPDATE 4-Japan union group announces biggest wage hikes in 33 years, presaging shift at central bank Japan's biggest companies agreed to raise wages by 5.28% for 2024, the heftiest pay hikes in 33 years, the country's largest union group said on Friday, reinforcing views that the county's central bank will soon shift away from a decade-long stimulus programme. Workers at major firms had asked for annual increases of 5.85%, topping the 5% mark for the first time in 30 years, according to trade union group Rengo. Rengo, which represents about 7 million workers, many at large companies, had set its eyes on hikes of more than 3% in base pay -- a key barometer of wage strength as it provides the basis for bonuses, severance and pensions. Reuters ? 6 months ago TM TOYOF NISTF 0.00% Nippon-US Steel, Michigan polls: What's next on Biden's plate President Biden and former President Trump — the two presumptive nominees to face off in the 2024 US presidential election — may be in agreement on their opposition to Nippon Steel's (NPSCY, 5401.T) acquisition of US Steel (X). Yahoo Finance Senior Columnist Rick Newman reports on the likelihood of the deal while facing presidential opposition, also commenting on a Quinnipiac University poll forecasts Trump controlling a slight lead against Biden in the state of Michigan. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan. Yahoo Finance Video ? 6 months ago CLF NISTF 0.00% NPSCY +1.80% Biden voices concerns about US Steel takeover by Nippon Steel US Steel (X) shares slide lower this morning after President Biden weighed in on the steel manufacturer's acquisition by Japan's Nippon Steel (NPSCY, 5401.T). Biden stated that it has become increasingly important to "maintain strong American steel companies powered by American steelworkers." Yahoo Finance Live breaks down Biden's comments. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan. Yahoo Finance Video ? 6 months ago NISTF 0.00% NPSCY +1.80% X Biden expected to address concerns on US Steel-Nippon deal: FT US Steel (X) shares are falling — continuing to slide in extended-hours trading — on reports from the Financial Times that President Biden will voice his concerns on the steel producers acquisition by Japanese company Nippon Steel (NPSCY, 5401.T). Biden is expected to comment on the matter before Japanese Prime Minister Fumio Kishida's US visit in April. Yahoo Finance Live highlights disagreements between Nippon and the United Steelworkers union, all these events coming to a head during Biden's reelection year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan. Yahoo Finance Video ? 6 months ago X NISTF 0.00% NPSCY +1.80% White House scrutinizing $14.1B Nippon-U.S. Steel deal The White House is keeping a close eye on the $14.1 billion acquisition of United States Steel Corporation (X) by Japanese steelmaker Nippon Steel (NPSCY), looking for signs that the acquisition could affect the jobs of US steelworkers, particularly in the state of Pennsylvania, as well as "...national security and supply chain reliability." National Economic Advisor Lael Brainard notes that "this administration will be ready to look carefully at the findings of any such investigation and to act if appropriate." Yahoo Finance's Seana Smith and Brad Smith discuss the White House's response to the acquisition and its potential impact. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Yahoo Finance Video ? 9 months ago X NISTF 0.00% NPSCY +1.80% Performance Overview Trailing total returns as of 10/16/2024, which may include dividends or other distributions. Benchmark is Nikkei 225 Return NISTF Nikkei 225 YTD -5.42% +17.08% 1-Year +1.04% +23.76% 3-Year +40.18% +34.79%
