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Nippon, Steel
Nippon Steel to Sell $211 Million in Assets to Manage Debt Amid U.S. Steel Deal
Nippon Steel plans to sell at least 30 billion yen in assets including real estate and inventories to improve capital efficiency amid the U.S. Steel takeover, the Japanese steelmaker's vice chairman, Takahiro Mori, was quoted by Nikkei newswire as saying.
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
Nippon Steel to sell $211 mn in assets to manage debt amid US Steel deal
The Japanese company's debt-to-equity ratio is expected to increase to 0.9 from 0.5 as a result of the US Steel deal which both companies target to close by the end of December
The Economist
2d
Chinese overcapacity is crushing the global steel industry
E ach year China makes as much steel as the rest of the world combined. The vast scale of its output—around 1bn tonnes a year ...
1d
on MSN
U.S. Steel Stock Is Rising. The Politics Are Getting More Muddled.
The shares gained ground after Bloomberg reported that the government will delay a review of the company’s potential takeover ...
Opinion
3d
on MSN
Opinion
How U.S. Steel Got Rolled
The move to block a Japanese company from buying the American manufacturer puts political expediency ahead of industrial ...
20h
on MSN
US Steel guides Q3 earnings above Wall Street consensus
US Steel (NYSE:X) +1.7% pre-market Thursday after providing Q3 guidance for adjusted net earnings of $0.44-$0.48/share, ...
Opinion
4d
Opinion
Biden May Sabotage the Steel Industry
Nippon Steel wants to save U.S. Steel. The only thing that may stop it is politics.
2d
on MSN
India in talks to tackle rising steel imports, steel minister says
India is in discussions to tackle higher steel imports, Steel Minister H.D. Kumaraswamy said on Wednesday, without sharing ...
2d
Steel roses highlight youth homelessness
A new display of 1,800 steel roses has been installed at Sheffield Cathedral to highlight the scale of youth homelessness in ...
6h
Investors Shouldn't Overlook Bisalloy Steel Group's (ASX:BIS) Impressive Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want ...
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