Sojitz, Nippon Steel to Invest in Champion Iron’s Canada Mining Project Japanese steelmaker Nippon Steel and trading house Sojitz will buy a 49% stake in the company’s Kami project in Canada for C$245 million ($170.41 million), as per reports. Sojitz Corporation has reached an agreement with Champion Iron Limited and Nippon Steel Corporation to participate in the […]
Recent reports shows that the head of a labor union opposing the sale of U.S. Steel to Japan’s Nippon Steel commented that he has not received assurances that the to-be owners are committed to ensuring the lasting success of the strategic U.S. firm. Nippon Steel’s $15 billion takeover bid, criticized by President Joe Biden and President-elect […]
In a recent report on Reuters, they stated that Nippon Steel, Japan hopes to close a deal of $15 billion deal to buy US Steel before the Republican Leader Donald Trump Takes over the White House again in January. A senior executive explains that the acquisition is a core for future growth. However, as per […]
Cleveland-cliffs Inc. (cliffs) has successfully acquired Stelco Holdings Inc., steelmaker in North America, providing technologically advanced and integrated products. This Acquisition provided Cliffs a new position in the global steel industry as the largest falt-rolled steel producer in North America. The acquisition is aimed at diversifying Cliffs’ end markets and expanding its geographical presence in […]
