India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Nippon Steel, Japan’s largest steelmaker, is reportedly considering a $3.2 billion convertible bond issuance as part of its strategic financing plans. The proposed bond sale could be one of the company’s largest fundraising efforts in recent years, aimed at supporting overseas expansion and modernization initiatives.
Sources indicate that the convertible bonds may be issued in multiple tranches, allowing investors the option to convert debt into equity at a later stage. This move comes amid increased global competition and Nippon Steel’s intent to strengthen its position in international markets, particularly after announcing its planned acquisition of U.S.-based U.S. Steel.Analysts view the potential bond sale as a proactive step to secure capital while balancing shareholder dilution and long-term debt exposure. If executed, the funding could fuel both organic growth and M&A activities, aligning with the company’s ambition to become a more dominant player in the global steel industry.
The development underscores the shifting dynamics in the global steel sector, with top producers leveraging financial markets to stay ahead in capacity, technology, and global reach.
Also Read : POSCO and ADNOC join forces for blue hydrogen project QatarEnergy, Excelerate Energy signed a 15-year supply LNG deal
Union Minister of Civil Aviation and Steel, Jyotiraditya M. Scindia, addressed a gathering at the in...
Ferrous 05-Mar-2024
Finolex Cables Ltd has inked a Memorandum of Understanding (MoU) with the Department of Industries,...
Small Enterprises 22-Feb-2024
The Delhi High Court has set aside the Indian Patent Office’s order refusing Nippon Steel Corp...
India 02-Jan-2026
Rourkela, India – Steel Authority of India Limited (SAIL) has kicked off construction for a ne...
Construction 28-Feb-2025
SJVN Ltd, a state-owned company, has won a 100-MW solar project in an e-reverse auction held by Guja...
Renewables 27-Jan-2024
Godawari Power & Ispat Gets PGCIL Nod for High-Tensile Steel Billets Godawari Power & Ispat...
Mid Corporate 03-Jul-2025