Two American companies plan to jointly acquire United States Steel, while Nippon Steel opposes this and states that it will complete its acquisition plan.

On January 14, according to local time, Japan's Nippon Steel Corporation expressed opposition to the consideration of a joint acquisition of United States Steel by the large American steel company Cleveland-Cliffs and another American steel company, Nucor, and reiterated plans to complete the acquisition of United States Steel. According to reports from U.S. media, informed sources indicated that the proposed plan for these two American companies includes Cleveland-Cliffs acquiring most of the Assets of United States Steel, while Nucor would acquire its small rolling mills and other Assets. However, both parties have not made a final decision yet.

Gelonghui Finance14:27

Express News | Nippon Steel: We Will Continue to Do Whatever It Takes to Close Our Deal

Breakings11:02

Express News | Nippon Steel: What Gonclaves' Words Cannot Mask Is That He Cannot Match the Scope and Scale of Our Plan

Breakings11:02

Express News | Nippon Steel: Cleveland-Cliffs CEO Gonclaves "Continues to Persist With Biased Stereotypes"

Breakings11:01

Express News | Nippon Steel: Our Plan Enjoys Overwhelming Support Among Those With the Most at Stake

Breakings11:00

Express News | Japan Steel Corporation: We remain the only partner capable of ensuring that United States Steel continues running, guarantees blast furnace operation, and protects job opportunities.

Breakings11:00