US Steel bid matches Trump goals, Nippon Steel says, no certainty deal will close By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 06 2025
0mins
Source: Investing.com
Nippon Steel's Acquisition Bid: Nippon Steel's attempt to acquire U.S. Steel aligns with former President Trump's goals of enhancing U.S. manufacturing and investment, despite being blocked by President Biden due to national security concerns. The merger has become a politically charged issue ahead of the U.S. presidential election.
Financial Performance and Future Plans: Nippon Steel reported an 18% drop in net profit amid weak steel demand and plans to expand its global production capacity while also divesting shares in Kobe Steel, indicating a strategic shift in response to market conditions.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
