Nippon Steel Advances Toward $15 Billion U.S. Steel Acquisition

The deal aims to close by September amid political and regulatory challenges.

Nippon Steel is on track to finalize its $15 billion acquisition of U.S. Steel by the end of September, aiming to strengthen the latter's profitability and secure stable employment.
The deal has faced criticism from U.S. lawmakers across the political spectrum and the United Steelworkers union, with former President Trump threatening to block it if re-elected.
Nippon Steel is actively engaging with stakeholders, including labor unions and U.S. Congress members, to gain support for the acquisition.
The company reported a 14.7% drop in net profit for April-December but raised its full-year profit forecast and annual dividend estimate.
The acquisition faces regulatory hurdles in the U.S., where the government regards steel production as critical to national security.