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The Latest Breaking News from Nippon Steel

U.S. Steel pledges up to $2.5 billion in upgrades to Mon Valley Works

U.S. Steel plans to invest up to $2.5 billion into upgrades to its Mon Valley Works, which it forecasts will generate $1.7 billion for the state, according to a Monday report from the steelmaking giant

The Independent UK

Nippon Steel pledges long-term commitment to Thailand

Nippon Steel has reaffirmed its long-term commitment to Thailand, urging stronger government protection against an influx of substandard steel imports and expressing readiness to further expand investments in the country.

Bangkok Post

Takeaways from AP and Public Source's report on pollution and safety issues at Pittsburgh coke plant

Last year, an explosion at U.S. Steel’s Clairton Coke Works outside Pittsburgh killed two U.S. Steel workers and injured 11 others, including contractors

The Independent UK

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After deadly explosion at US Steel mill outside Pittsburgh, maintaining safety now falls to Nippon

Last year, an explosion at U.S. Steel's Clairton Coke Works outside Pittsburgh killed two U.S. Steel workers and injured 11 others, including contractors

The Independent UK

Six months after explosion, Pennsylvania mill town sees hope but a history of disappointment

Six months ago, an explosion at the U.S. Steel Clairton Coke Works killed two people

The Independent UK

US Steel CEO Says 'Golden Share' Doesn't Restrict Operations After Trump Approval

US Steel CEO says the company's golden share agreement after Trump approval does not limit operations, jobs, or future growth plans.

International Business Times

Republican Socialism: Trump Is Taking Federal Stakes in Private Companies

The Trump administration's pivot toward socialism did not come without warning.

Reason

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US Steel details plans to invest $11 billion by 2028 across all business segments

United States Steel on Tuesday detailed an $11 billion growth plan with new owner Nippon Steel that includes modernizing the century-old steelmaker

The Independent UK

Rio Tinto, partners commit $1.1b to new iron ore mine

Rio Tinto, Mitsui and Nippon Steel are moving forward with a new iron ore project in Western Australia that will create a permanent workforce of 950 roles.

AAP

The White House says it blocked US Steel's decision to stop processing steel at Illinois plant

The White House says it intervened to block a decision to stop processing raw steel at U.S. Steel’s Granite City Works plant in Illinois

The Independent UK

Trump is already wielding his 'golden share' authority at U.S. Steel, overriding the company’s plans for an Illinois plant, report says

This marks the latest move by the administration to exert power over private industry.

Fortune

Before the U.S. Steel Explosion, a Legacy of Cost-Cutting and Broken Promises

Canceled upgrades, insufficient maintenance and political lobbying preceded deadly explosion at Pennsylvania’s aging steel plant.

Capital & Main

Fatal explosion at U.S. Steel's plant raises questions about its future, despite heavy investment

The explosion this week at U.S. Steel's Pittsburgh-area plant has reignited debate about its future

The Independent UK

Gas valve failure during routine maintenance work may have led to fatal explosion, US Steel says

U.S. Steel says preparations for a routine maintenance task may have led to an explosion at a U.S. Steel coal-processing plant near Pittsburgh that left two dead, sent 10 to hospitals and damaged part of the sprawling facility

The Independent UK

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Benzinga

US Steel Clairton Coke Plant Rocked By Explosion: 2 Dead, 10 Injured

An explosion at U.S. Steel's Clairton Coke Works outside Pittsburgh killed two people and sent at least 10 to area hospitals Monday, heavily damaging part of the sprawling Mon Valley facility and sending a plume of black smoke over nearby neighborhoods, officials said.

The Independent UK

Officials are still investigating the cause of a Pennsylvania steel plant explosion that killed 2

Officials are still working to determine the cause of an explosion that rocked a steel plant outside Pittsburgh, leaving two dead and 10 injured

Al Jazeera

One dead, dozens injured in steel plant explosion in Pennsylvania

The massive US Steel coking plant is the largest such facility in North America.

The Independent UK

Explosion at US Steel plant in Pennsylvania leaves dozens hurt and people trapped under rubble

An explosion at a U.S. Steel plant near Pittsburgh has left dozens wounded and people trapped under the rubble, with emergency workers on site trying to rescue them

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news in one place.

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International Business Times

US Tariffs Corrode Steelmaker ArcelorMittal's Profitability

The world's number two steelmaker, ArcelorMittal, said on Thursday its half-year net profit jumped on exceptional items but US tariffs began to eat into its margin.

The Independent UK

Trump and Sen. Dave McCormick team up to promote energy investments in Pennsylvania

President Donald Trump and Sen. David McCormick of Pennsylvania are planning on announcing roughly $70 billion of energy investments at a new summit that focuses on energy and innovation

Benzinga

Trump Gets 'Golden Share' In $14 Billion US Steel Deal, But Control Shifts To Federal Agencies Under Future Presidents

Nippon Steel Corp. (OTC:NPSCY) completed its acquisition of United States Steel Corp. (NYSE:X), with President Donald Trump securing unprecedented “golden share” powers that grant the U.S. government veto authority over key corporate decisions.

Euronews

US Steel buyout gives Trump a new power: What about future presidents?

President Trump holds a veto power on specific matters and has the right to appoint an independent director as part of the Nippon Steel takeover.

Fortune

With his 'golden share' in U.S. Steel, Trump turns to a mechanism more common elsewhere in the world

Nippon Steel offered Washington a "golden share," which gives the government oversight over some decisions, to get approval for its takeover of U.S. Steel.

International Business Times

Trump-Backed US Steel Deal with Nippon Finalized, Sparks Job Boom

US Steel finalizes deal with Nippon Steel, backed by Trump, promising over 100,000 US jobs and $11 billion in investments.

Euronews

Nippon Steel finalises US Steel takeover after state opposition

The pursuit by Nippon Steel of the Pittsburgh-based company has hindered by national security concerns

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