Reported 1 day ago
Nippon Steel's shares rose by 3% after U.S. President Donald Trump approved its $14.9 billion bid for U.S. Steel, marking a significant step in a lengthy acquisition process. The deal, which includes substantial future investments and governance commitments, boosts Nippon Steel's annual capacity to 86 million metric tons and opens greater access to the U.S. market amid rising steel demand. Despite concerns over financial strain and government oversight, analysts see the agreement as a positive move for Nippon's long-term growth strategy.
Source: YAHOO