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U.S. Steel's entire board stepped down now that the company has been acquired by Nippon Steel.
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Ottawa will limit the amount of foreign steel coming into Canada with a tariff rate quota on certain countries. Find out more.
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Thursday's statement from the Canadian Steel Producers Association takes particular issue with Ottawa's immediate measures like a tariff rate quota on foreign steel products.
Japan’s largest steelmaker fought to take over its U.S. counterpart with heavy lobbying in D.C. and trips to Pennsylvania, including Pittsburgh Steelers games.
Key players like Tata Steel, JSW Steel, and companies in Germany and Turkey saw production increases, while some firms in South Korea and the United States experienced declines.
Prime Minister Mark Carney said Ottawa will also introduce new rules to ensure Canadian steel and aluminum and tariff-free products from other trading partners are prioritized.
Nippon Steel also agreed to keep U.S. Steel's headquarters in Pittsburgh, maintain a U.S.-majority board, and invest $11 billion by 2028including $1 billion in a new greenfield project post-2028.
The pursuit by Nippon Steel for the Pittsburgh-based company was buffeted by national security concerns and presidential politics in a premier battleground state, dragging out the transaction for ...
Nippon Steel’s $14.9 billion acquisition of US Steel closed on Wednesday, the companies said, confirming an unusual degree of power for President Trump after the Japanese company’s 18-month ...
U.S. Steel and Nippon Steel have finalized their partnership and revealed new details about the deal.