Nippon Steel Corporation (NISTF)

Compare

22.00

-1.00

(-4.35%)

As of September 17 at 3:00 PM EDT. Market Open.

Nippon Steel Finds Unlikely Ally in Pittsburgh Workers

In Pennsylvania’s steel country, locals fight to keep their jobs at U.S. Steel even if it means foreign ownership.

The Wall Street Journal 3 days ago

NISTF
-4.35%
NPSCY
+2.12%
X
Biden admin. signals delay in decision on Nippon-US Steel deal

The Biden administration signaling a delay in their decision over whether to effectively block Japanese-owned Nippon Steel's (5401.T, NPSCY) buyout of US Steel (X) Market Domination hosts Julie Hyman and Josh Lipton report on the story and whether the White House could shut the deal down via the Committee on Foreign Investment in the United States (CFIUS). For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 4 days ago

X

NISTF
-4.35%
NPSCY
+2.12%
US Steel upgraded to Overweight by JPMorgan. Here's why

JPMorgan analysts have upgraded shares of US Steel (X) to Overweight, believing there to be a buying opportunity in the stock as the Biden administration is trying to block US Steel's acquisition by Japanese-owned Nippon Steel (5401.T, NPSCY). Morning Brief anchors Seana Smith and Brad Smith monitor US Steel's stock price over recent headlines. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 9 days ago

NISTF
-4.35%
NPSCY
+2.12%
X
Could Biden actually block the Nippon-US Steel deal?

The Biden administration is readying to block Japanese-owned Nippon Steel's (5401.T, NPSCY) acquisition of US Steel (X), potentially positioning the Committee on Foreign Investment in the United States (CFIUS) to strike down the deal on the grounds of national security concerns. Yahoo Finance senior columnist Rick Newman gives an update on the Nippon-US Steel deal. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 11 days ago

X

NISTF
-4.35%
NPSCY
+2.12%
Japan’s Koizumi Enters LDP Race, Vows to Hold Snap Election

(Bloomberg) -- Japan’s former Environment Minister Shinjiro Koizumi formally announced his bid to become the nation’s next prime minister Friday, saying he will call a general election if selected and speed up decision making, while also considering a meeting with North Korea’s Kim Jong Un.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisThe

Bloomberg 12 days ago

8301.T

NISTF
-4.35%
NPSCY
+2.12%
Japan Bid for U.S. Steel Runs Up Against U.S. Politics

Nippon Steel miscalculated the U.S. political implications of a foreign company taking over a major employer in the swing state of Pennsylvania.

The Wall Street Journal 13 days ago

NISTF
-4.35%
NPSCY
+2.12%
X
Biden Prepares to Block $14 Billion Steel Deal

U.S. Steel chief executive said the company would close steel mills if its planned sale to Nippon Steel collapses, as the Biden administration is moving closer to blocking the deal. CEO David Burritt said the nearly $3 billion that Japan-based Nippon Steel has pledged to invest in the Pittsburgh company’s older mills is critical to keeping them competitive and maintaining workers’ jobs. “We wouldn’t do that if the deal falls through,” Burritt said in an interview.

The Wall Street Journal 13 days ago

X

NISTF
-4.35%
NPSCY
+2.12%
Biden set to block Nippon's US Steel takeover: Reports

President Joe Biden is set to block Nippon Steel's (NISTF, NPSCY) take over of US Steel (X), according to a report from The Washington Post and others. As headlines of the news surfaced, shares of US Steel began to drop over 18%. Market Domination Anchors Josh Lipton and Julie Hyman break down the latest development for these companies and what it could mean for them moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino

Yahoo Finance Video 13 days ago

NISTF
-4.35%
NPSCY
+2.12%
X
Why Harris, Trump oppose US Steel sale to foreign company

Vice President Harris and former President Trump find common ground in their belief that U.S. Steel (X) should remain American-owned. In December, Japanese-owned Nippon Steel (NPSCY, 5401.T) agreed to acquire US Steel for $15 billion. As the election unfolds, Barron's Associate Editor Al Root joins to discuss the outlook for US Steel. Root suggests that the candidates' focus on US Steel could be a strategic move to win over the swing state of Pennsylvania. He notes that currently, the race is "a toss-up" between the candidates, and Pennsylvania could potentially "swing the entire election." "It's all politics. You should just call it what it is," he tells Yahoo Finance. Root goes on to break down why both candidates oppose Japan's Nippon Steel deal despite describing it as "a good deal." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith

Yahoo Finance Video 14 days ago

X

NISTF
-4.35%
NPSCY
+2.12%
Volkswagen, US Steel, Unity Software: Morning movers

Here are three stories that investors may have missed this morning. Volkswagen (VOW3.DE, VOW.DE, VWAGY) leadership is warning it may have to shutter plants in Germany due to the increasingly competitive automotive landscape. If it were to happen, it would be the first time in the company's history it has ever closed a plant in Germany.  Vice President Kamala Harris says US Steel (X) should remain an American-owned company. The company agreed to a $15 billion takeover bid from Japanese-owned Nippon Steel (NPSCY, 5401.T) in December. The United Steelworkers union has also voiced opposition to the acquisition, as has President Joe Biden and former President Donald Trump.  Unity Software (U) shares jumped after getting an upgrade to Overweight from Equal Weight at Morgan Stanley. Morning Brief anchors Brad Smith and Madison Mills discuss some of the stocks on the move Tuesday morning. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.

Yahoo Finance Video 15 days ago

VLKAF

VLKPF

VWAGY
Nippon Steel Announces Transformative Investments at U. S. Steel's Mon Valley Works and Gary Works

Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) today announced additional project investments to be made at Mon Valley Works and Gary Works, as part of its pending acquisition ("Transaction") of United States Steel Corporation ("U. S. Steel") (NYSE: X).

PR Newswire 20 days ago

NISTF
-4.35%
NPSCY
+2.12%
X
Whitehaven Coal Signs $1.08 Billion Mine Stake Sale With Japanese Steelmakers

Whitehaven Coal said it has signed deals to sell a 30% share in a newly acquired Australian coal mine for US$1.08 billion to a pair of Japanese steelmakers eager to shore up future supplies of the commodity needed to fuel their mills. The Australian coal producer on Thursday said Nippon Steel and JFE Steel, both long-term customers of the Blackwater metallurgical coal mine, will buy a 20% and 10% stake, respectively, in that operation, in deals that Whitehaven said will strengthen its balance sheet. Whitehaven announced the agreements as it recorded a sharp fall in annual profit in large part because of a halving in coal prices.

The Wall Street Journal 27 days ago

NISTF
-4.35%
NPSCY
+2.12%
WHITF
Biden voices support for workers who are against US Steel sale

At a press conference with Japanese Prime Minister Kishida Fumio, US President Joe Biden was asked about his opposition to the sale of US Steel (X) to Nippon Steel (NPSCY, 5401.T).  Biden responded by saying, "I stand by my commitment to American workers. I'm a man of my word. I'm going to keep it. And, with regard to that, I stand by our commitment to our alliance." Biden had previously released a statement voicing opposition to the deal. He joins the US Steelworkers union, which is also against it.  Yahoo Finance's Julie Hyman and Josh Lipton discuss the president's comments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.

Yahoo Finance Video 5 months ago

NISTF
-4.35%
NPSCY
+2.12%
X
UPDATE 4-Japan union group announces biggest wage hikes in 33 years, presaging shift at central bank

Japan's biggest companies agreed to raise wages by 5.28% for 2024, the heftiest pay hikes in 33 years, the country's largest union group said on Friday, reinforcing views that the county's central bank will soon shift away from a decade-long stimulus programme. Workers at major firms had asked for annual increases of 5.85%, topping the 5% mark for the first time in 30 years, according to trade union group Rengo. Rengo, which represents about 7 million workers, many at large companies, had set its eyes on hikes of more than 3% in base pay -- a key barometer of wage strength as it provides the basis for bonuses, severance and pensions.

Reuters 6 months ago

TM

TOYOF

NISTF
-4.35%
Nippon-US Steel, Michigan polls: What's next on Biden's plate

President Biden and former President Trump — the two presumptive nominees to face off in the 2024 US presidential election — may be in agreement on their opposition to Nippon Steel's (NPSCY, 5401.T) acquisition of US Steel (X). Yahoo Finance Senior Columnist Rick Newman reports on the likelihood of the deal while facing presidential opposition, also commenting on a Quinnipiac University poll forecasts Trump controlling a slight lead against Biden in the state of Michigan. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

Yahoo Finance Video 6 months ago

CLF

NISTF
-4.35%
NPSCY
+2.12%
Biden voices concerns about US Steel takeover by Nippon Steel

US Steel (X) shares slide lower this morning after President Biden weighed in on the steel manufacturer's acquisition by Japan's Nippon Steel (NPSCY, 5401.T). Biden stated that it has become increasingly important to "maintain strong American steel companies powered by American steelworkers." Yahoo Finance Live breaks down Biden's comments. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

Yahoo Finance Video 6 months ago

NISTF
-4.35%
NPSCY
+2.12%
X
Biden expected to address concerns on US Steel-Nippon deal: FT

US Steel (X) shares are falling — continuing to slide in extended-hours trading — on reports from the Financial Times that President Biden will voice his concerns on the steel producers acquisition by Japanese company Nippon Steel (NPSCY, 5401.T). Biden is expected to comment on the matter before Japanese Prime Minister Fumio Kishida's US visit in April. Yahoo Finance Live highlights disagreements between Nippon and the United Steelworkers union, all these events coming to a head during Biden's reelection year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

Yahoo Finance Video 6 months ago

X

NISTF
-4.35%
NPSCY
+2.12%
White House scrutinizing $14.1B Nippon-U.S. Steel deal

The White House is keeping a close eye on the $14.1 billion acquisition of United States Steel Corporation (X) by Japanese steelmaker Nippon Steel (NPSCY), looking for signs that the acquisition could affect the jobs of US steelworkers, particularly in the state of Pennsylvania, as well as "...national security and supply chain reliability." National Economic Advisor Lael Brainard notes that "this administration will be ready to look carefully at the findings of any such investigation and to act if appropriate." Yahoo Finance's Seana Smith and Brad Smith discuss the White House's response to the acquisition and its potential impact. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Yahoo Finance Video 8 months ago

X

NISTF
-4.35%
NPSCY
+2.12%
Cleveland-Cliffs stock jumps despite losing US Steel bid

US Steel (X) accepts a $14.1 billion acquisition bid from Japanese steel producer Nippon Steel (5401.T), following an earlier rejection of Cleveland-Cliffs' (CLF) own bid. Nippon Steel's purchase of US Steel has created the world's second-largest steel company. This merger might be to Cleveland-Cliff's benefit, however, as the company's shares are soaring Monday afternoon. Yahoo Finance's Julie Hyman and Josh Lipton weigh in on this merger and what it means for the steel industry. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Yahoo Finance Video 8 months ago

NISTF
-4.35%
NPSCY
+2.12%
X
Nippon Steel Corporation (NSC) to Acquire U. S. Steel, Moving Forward Together as the ‘Best Steelmaker with World-Leading Capabilities’

TOKYO & PITTSBURGH, December 18, 2023--Nippon Steel Corporation (NSC) (TSE: 5401), Japan’s largest steelmaker and one of the world’s leading steel manufacturers, and United States Steel Corporation (NYSE: X) ("U. S. Steel"), a leading steel producer with competitive advantages in low-cost iron ore, mini mill steelmaking, and best-in-class finishing capabilities, today announced that they have entered into a definitive agreement pursuant to which NSC will acquire U. S. Steel in an all-cash transa

Business Wire 8 months ago

X

NISTF
-4.35%
NPSCY
+2.12%

Performance Overview

Return	NISTF	Nikkei 225
YTD	-2.06%	+8.71%
1-Year	-4.22%	+8.49%
3-Year	+30.72%	+19.28%

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Nippon Steel Corporation (NISTF)

Nippon Steel Finds Unlikely Ally in Pittsburgh Workers

Biden admin. signals delay in decision on Nippon-US Steel deal

US Steel upgraded to Overweight by JPMorgan. Here's why

Could Biden actually block the Nippon-US Steel deal?

Japan’s Koizumi Enters LDP Race, Vows to Hold Snap Election

Japan Bid for U.S. Steel Runs Up Against U.S. Politics

Biden Prepares to Block $14 Billion Steel Deal

Biden set to block Nippon's US Steel takeover: Reports

Why Harris, Trump oppose US Steel sale to foreign company

Volkswagen, US Steel, Unity Software: Morning movers

Nippon Steel Announces Transformative Investments at U. S. Steel's Mon Valley Works and Gary Works

Whitehaven Coal Signs $1.08 Billion Mine Stake Sale With Japanese Steelmakers

Biden voices support for workers who are against US Steel sale

UPDATE 4-Japan union group announces biggest wage hikes in 33 years, presaging shift at central bank

Nippon-US Steel, Michigan polls: What's next on Biden's plate

Biden voices concerns about US Steel takeover by Nippon Steel

Biden expected to address concerns on US Steel-Nippon deal: FT

White House scrutinizing $14.1B Nippon-U.S. Steel deal

Cleveland-Cliffs stock jumps despite losing US Steel bid

Nippon Steel Corporation (NSC) to Acquire U. S. Steel, Moving Forward Together as the ‘Best Steelmaker with World-Leading Capabilities’

Performance Overview