Streetbeat News

NISTF

Nippon Steel Corporation

https://www.nipponsteel.com/

Industry

Iron and Steel Mills and Ferroalloy Manufacturing

Open

25.64

Mkt cap

23B

Volume

High

25.64

P/E Ratio

7.27

52-wk high

25.64

Low

22.09

Div yield

0.05

52-wk low

16.98

Japanese companies, like Nippon Steel, may increasingly encounter reverse break-up fees in U.S. acquisitions, as seen in Nippon Steel's failed $14.9 billion bid for U.S. Steel, which resulted in a $565 million fee.

Portfolio Pulse from

March 11, 2025 | 1:00 am

President Trump expressed that he would not oppose Japan's Nippon Steel acquiring a minority stake in U.S. Steel. This statement could influence market perceptions regarding potential foreign investment in U.S. Steel.

Portfolio Pulse from

February 14, 2025 | 8:15 pm

Nippon Steel has chosen not to comment on U.S. President Donald Trump's statement opposing any entity holding a majority stake in U.S. Steel.

Portfolio Pulse from

February 10, 2025 | 12:30 am

U.S. Steel's stock experienced a rise following reports that President Trump might allow a deal involving Nippon Steel to proceed.

Portfolio Pulse from

February 07, 2025 | 7:00 pm

President Trump is considering allowing Nippon Steel's $14.9 billion acquisition of United States Steel, as reported by CBS News.

Portfolio Pulse from

February 07, 2025 | 6:00 pm

President Trump is scheduled to meet with the CEO of U.S. Steel at the White House. Meanwhile, Nippon Steel is promoting the advantages of its proposed acquisition of U.S. Steel, aligning with Trump's objectives.

Portfolio Pulse from

February 06, 2025 | 7:30 pm

United Steelworkers president David McCall has filed a motion to dismiss a lawsuit brought against him by U.S. Steel and Nippon Steel. The lawsuit's details are not specified, but the legal action involves significant industry players.

Portfolio Pulse from

February 05, 2025 | 3:30 pm

Activist investor Ancora is advocating for leadership changes at U.S. Steel and intends to terminate a deal with Nippon Steel. This move could lead to significant strategic shifts within U.S. Steel.

Portfolio Pulse from

January 27, 2025 | 12:45 pm

The Biden administration has extended the deadline for Nippon Steel's bid to acquire U.S. Steel, following an initial block by President Joe Biden. This extension provides Nippon Steel more time to potentially pursue the acquisition.

Portfolio Pulse from

January 14, 2025 | 3:30 pm

U.S. Steel CEO David Burritt criticized President Joe Biden's decision to block a deal involving Nippon, calling it 'corrupt.' This comes amid a market decline led by tech stocks due to strong economic data reducing the likelihood of a January rate cut.

Portfolio Pulse from

January 07, 2025 | 9:45 pm

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