Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The United Steelworkers (USW) signed a non-disclosure agreement with Nippon Steel, the union said on Monday, as the Japanese company remains on track to finalise its planned $15 billion acquisition of US Steel.
However, the union said even with the agreement, Nippon has not provided it with all of the information requested.
The world's fourth-largest steelmaker's planned deal has drawn criticism from Democratic and Republican lawmakers and the powerful USW union.
Nippon Steel aims to gain consent from the USW, the main union at US Steel, by emphasising the deal would strengthen the US company's profitability and finances, leading to stable employment.
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