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Nippon Steel touts tech it can bring to U.S. Steel, vows to push ahead with $14.1 billion acquisition: ‘We have over 2,000 patents’

Posted on AllSides April 1st, 2024
From The Center

Nippon Steel Corp.’s new chief has pledged to press on with the $14.1 billion acquisition of United States Steel Corp., a deal that he says is vital to making the American company more competitive.

Nippon Steel isn’t considering alternative options and is focused on negotiating with the United Steelworkers union to win their support for the purchase, the Tokyo-based firm’s newly appointed president, Tadashi Imai, told a press gathering.

“There’s not a company in the US that can domestically produce the high-end, electrical steel sheets for automobiles which we produce at our...

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