X Jun 2025 55.000 call
- Reuters
UPDATE 2-Japan's Nippon Steel sticks to plan to close U.S. Steel deal by year-end
Japan's top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy U.S. Steel, which it expects to boost output and profits, the company said on Thursday, despite resistance to the transaction in the U.S. In December, Nippon Steel offered nearly $15 billion to take over iconic U.S. Steel, drawing resistance from both President Joe Biden and Donald Trump, his likely challenger in the Nov. 5 election, as well as the United Steelworkers (USW) union. "U.S. Steel products will remain mined, melted and made in America and will continue supplying further sophisticated steel products to American industry," Nippon Steel said.
- Bloomberg
Suzano Approaches International Paper on Bid, Reuters Says
(Bloomberg) -- Suzano SA, the world’s largest pulp producer, approached International Paper Co. about a potential all-cash offer valuing the US company at almost $15 billion, Reuters reported.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyThe potential bid of $42 a share by the Bra
- Oilprice.com
Steel Producers Make Major Move to Improve Market Transparency
Steel producers Nucor and Cliffs introduce weekly and monthly HRC pricing, aiming for market transparency and potential influence on indexes.
