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Nippon Steel: $14.1 Billion US Steel Deal

Nippon Steel Corporation is Japan’s largest steelmaker, founded in 1950 and headquartered in Chiyoda, Tokyo. The company has four business segments, including steelmaking, engineering, chemicals, and system solutions. It is the largest producer of crude steel in Japan and the third largest in the world.

According to reports, Nippon Steel has agreed to acquire US Steel in a $14.1 Billion USD deal. This is due to the decline in steel output and stock market value faced by US Steel over the past decade. This acquisition deal will benefit US Steel in expanding its presence globally as well as maximizing profitability. This terms of the agreement would allow US Steel retain its name and headquarters in Pittsburgh.

United States Steel Corporation, commonly known as U.S. Steel, is an American integrated steel producer. Founded in 1901 and headquartered in Pittsburgh, Pennsylvania. It was the first company in the world to be valued at $1 Billion USD. The company produces and sells steel products, including flat-rolled and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy.