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Tag - steel

 
 

STEEL

Nippon Steel raised ?90 billion ($560 million) in its first straight-bond offering since acquiring United States Steel, with a 10-year tranche carrying a 3.202% coupon, its highest in about 30 years, according to Bloomberg data.
BUSINESS / Companies
Jun 10, 2026
Nippon Steel gets ?90 billion via first bond since U.S. Steel acquisition
The yen-denominated bond sale is an early test of investor appetite for Japanese companies pursuing growth through large overseas acquisitions.
Emergency workers are seen at JFE Steel's East Japan Works Keihin district construction site in Kawasaki where scaffolding collapsed during the dismantling of a crane on Tuesday.
JAPAN
Apr 8, 2026
Three workers dead after scaffolding collapse at steel plant in Kawasaki
Five workers fell during the dismantling of a crane. One is believed to be seriously injured, while another remains missing.
Nippon Steel says it has raised ?600 billion ($3.9 billion) from an upsize sale of convertible bonds to help repay loans taken out for its acquisition of United States Steel.
BUSINESS / Companies
Feb 25, 2026
Nippon Steel raises ?600 billion from bonds to repay U.S. Steel loans
Half of the bonds, which can be converted into stock, are set to mature in 2029, and the remainder, in 2031, according to a filing to the Finance Ministry.
Workers prepare a bundle of steel reinforcing bar at a metal stock yard in Shanghai.
BUSINESS / Companies
Feb 20, 2026
Nippon Steel executive sees China-driven supply glut nearing end
Exporters in China were increasingly struggling to generate profits from overseas sales as the regional market had become oversupplied, Nippon Steel¡¯s CFO said.
Nippon Steel is forecasting a ?70 billion net loss for the fiscal year through next month, up from ?60 billion, partly due to a fire that broke out at a plant in Muroran, Hokkaido, last December.
BUSINESS / Companies
Feb 6, 2026
Nippon Steel projects larger full-year loss than expected
The steelmaker is now projecting a consolidated net loss of ?70 billion as consequences of a fire at a plant in Muroran, Hokkaido, hit its bottom line.
By fiscal 2030, Nippon Steel aims to raise its consolidated business profit, excluding items such as inventory valuation differences, to at least ?1 trillion from the average of ?770 billion projected for fiscal 2021-2025.
BUSINESS / Companies
Dec 12, 2025
Nippon Steel to invest ?6 trillion over five years to fiscal 2030
The new plan sets overseas business as the core of growth amid a prolonged steel market slump caused by falling demand in Japan.
A JFE Steel plant in Kanagawa Prefecture. JFE will invest 157.5 billion rupees ($1.7 billion) in an equal joint venture with India¡¯s JSW Steel.
BUSINESS / Companies
Dec 4, 2025
JFE Steel to form $3.4 billion venture with India¡¯s JSW Steel
Demand for steel in the South Asian country is surging, led by a push for infrastructure projects by the government and growing real estate construction.
Takahiro Mori, vice chairman of Nippon Steel, speaks at a news conference in Tokyo in June. Mori said in a recent interview that the firm will shortlist two or three states for construction of a major new plant in the United States.
BUSINESS / Companies
Dec 2, 2025
Nippon Steel to shortlist two or three states for new U.S. plant
Japan¡¯s largest steel producer is seeking a site capable of supporting a plant with 3 million tons of annual capacity.
Japan¡¯s major trading houses face a prolonged slump in iron ore and coking coal prices as Chinese steel exports flood Asia, limiting profits for at least six months.
BUSINESS / Companies
Nov 6, 2025
Japan¡¯s trading houses brace for more pain from China steel glut
Japan¡¯s major trading houses are facing a prolonged slump in iron ore and coking coal prices as Chinese steel exports flood into Asia and beyond.
The United States Steel Edgar Thomson Works steel mill in Braddock, Pennsylvania
BUSINESS / Companies
Nov 5, 2025
U.S. Steel says Japanese ownership to unlock $3 billion in value
Nippon Steel had acquired U.S. Steel for $14.1 billion in June, and agreed to invest $11 billion in the Pittsburgh-based company by 2028.
Steel products are the target of two anti-dumping probes Japan has begun so far this year.
BUSINESS / Economy
Oct 15, 2025
Japan turns to anti-dumping measures as international trade gets complicated
An uptick in number of probes this year indicates an evolving strategy.
A worker at one of the Blast Furnaces at British Steel's steelworks site on April 15
WORLD / Politics
Oct 14, 2025
Brexit, decay and politics collide on U.K.¡¯s industrial east coast
The common thread is fading industrial competitiveness because of things like high energy costs compared to rivals like China, that politicians have struggled to address.
Nippon Steel has announced a $300 million investment in two U.S. Steel facilities, which forms part of its $11 billion commitment to the American steelmaker.
BUSINESS / Companies
Sep 26, 2025
Nippon Steel to invest $300 million in U.S. Steel
The investment in two U.S. Steel plants forms part of the Japanese company¡¯s $11 billion commitment to the American steelmaker.
U.S. President Donald Trump speaks about trade at the Granite City Works steel coil warehouse in Granite City, Illinois, in July 2018.
BUSINESS / Companies
Sep 20, 2025
Trump officials used ¡®golden share¡¯ to block U.S. Steel from stopping work at plant
The move highlighed the federal government¡¯s continued influence over an iconic American firm after approving its takeover by Nippon Steel.
U.S. President Donald Trump at Granite City Works in Illinois in 2018. U.S. Steel, the owner of the plant, was acquired by Nippon Steel earlier this year.
BUSINESS / Companies
Sep 10, 2025
U.S. Steel¡¯s Granite City Works to cease steel slab processing: report
The production decision comes just three months after the acquisition by Nippon Steel.
Nippon Steel has dropped a civil lawsuit filed in the United States related to its acquisition of United States Steel after a successful settling of the takeover deal.
BUSINESS / Companies
Sep 4, 2025
Nippon Steel drops civil lawsuit related to U.S. Steel buyout
The Japanese steelmaker had sued U.S. peer Cleveland-Cliffs, its CEO, and the head of a steel union over what it alleged were illegal acts to prevent the buyout.
Exports fell 2.6% in value in July from a year earlier, posting the biggest downturn since February 2021, led by cars, auto parts and steel.
BUSINESS / Economy
Aug 20, 2025
Japan¡¯s exports tumble most in four years as U.S. tariff pain intensifies
Exports fell 2.6% in value from a year earlier, sliding more than the median forecast of a 2.1% decline, the Finance Ministry has reported.
Trucks heading toward the Jianxiawo lithium mine, in Yichun, Jiangxi province, China. The U.S. government said it will increase scrutiny of lithium, steel and other materials imported from China.
BUSINESS / Markets
Aug 20, 2025
U.S. targets Chinese steel and lithium for forced-labor scrutiny
The move fits within Trump¡¯s trade goals and previous government action against alleged forced labor in China.
Steel exports from China, the world¡¯s largest producer, have surged this year, weighing on prices.
BUSINESS
Aug 13, 2025
Japan starts anti-dumping probe into Chinese and South Korean steel goods
The investigation will probe flows of hot-dipped galvanized coil, sheet and strip, the trade and finance ministries said.
Ambulances are seen outside U.S. Steel's Clairton Coke Works following explosions at the plant in Clairton, Pennsylvania, on Monday.
BUSINESS / Companies
Aug 12, 2025
Two dead, 10 hospitalized after Pennsylvania steel plant explosions
The incident at U.S. Steel¡¯s Clairton Coke Works happened at around 11 a.m. on Monday.

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