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The Latest Breaking News from Nippon Steel

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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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.

Benzinga

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

The Independent UK

One dead, dozens injured in steel plant explosion in Pennsylvania

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

Al Jazeera

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

The Independent UK

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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.

International Business Times

Cleveland-Cliffs Loves Trump Tariffs, Puts Up 'For Sale' Sign

Trump tariffs helped boost Q2 shipments to a record for Cleveland-Cliffs.

Investors Business Daily

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

The Independent UK

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.

Benzinga

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.

Euronews

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.

Fortune

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.

International Business Times

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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

International Business Times

Nippon, US Steel Say They Have Completed Partnership Deal

Nippon Steel and US Steel announced Wednesday they have completed a partnership deal in which the US government will essentially have veto power over significant decisions affecting US jobs.

The Independent UK

Nippon Steel finalizes $15B takeover of US Steel after sealing national security agreement

Nippon Steel and U.S. Steel say they've finalized their “historic partnership,” a year-and-a-half after the Japanese company first proposed its deal to buy the iconic American steelmaker for nearly $15 billion

International Business Times

US Steel, Nippon Partnership Proceeds With Security Deal, 'Golden Share'

The partnership between US Steel and Nippon Steel has reached a new phase, with an agreement on US national security guarantees, in addition to the so-called "golden share" advantage obtained by President Donald Trump's administration.

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The Independent UK

Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms

President Donald Trump has signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government

The Guardian - US

‘Another snake-oil salesman’s pitch’: US workers wary of Trump’s steel deal

The president believes his Nippon Steel agreement will revive America’s steel industry – but workers are skeptical

Euronews

EU 'strongly regrets' Trump's announcement to double steel and aluminium tariffs to 50%

During a rally at a steel plant the US president announced that he will double tariffs on steel imports. Afterwards, he announced the same for aluminium. The measure, which would hit Europe hard, is supposed to come into force on 4 June.

The Independent UK

Trump doubles foreign steel tariffs to 50%

IN FULL

The Guardian - US

Trump news at a glance: Surprise doubling of steel tariffs risks global market turmoil – again

The US president told steelworkers he was planning to double the tariffs to 50%. Key US politics stories from Friday 30 May at a glance

The Independent UK

Trump hails Japan’s US Steel deal in Pittsburgh rally as he doubles steel tariffs to 50%

President vows ‘nobody is going to get around’ new 50 percent tariffs on foreign steel, but the details of Nippon’s U.S. Steel deal remain murky

Al Jazeera

Trump says US will raise steel tariffs to 50 percent at Pennsylvania rally

In his campaign-style speech, Trump also hailed a ‘blockbuster agreement’ between Japan’s Nippon Steel and US Steel.

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