The Deal’s Collapse Between Nippon And U.S. Steel

On 3^rd Jan, U.S. President blocks Nippon Steel's proposed 14.9 billion dollars purchase of U.S. Steel and cited the reason of national security concerns, Since December 2023, the deal was announced and has been deeply reviewed more than a year. Then both presidential candidates Donald Trump and Joe Biden had expressed on the attitude to block the purchase of the storied American company. U.S. STEEL once controlled most of the country's steel output but is now the third largest U.S. steelmaker and 24^th biggest worldwide. Biden said it is an essential national security priority and its crucial for resilient supply chain to have strong domestical owner and operation on steel industry.

 

Nippon is the world's fourth-largest steelmaker who paid a great attention on the securing the deal with making several concessions, including a last-ditch gambit to give the U.S. government veto power over changes to output but to no benefit. In response to the government decision, U.S. Steel and Nippon called it a clear violation of due process and they also spread the words of taking all appropriate action to protect their legal rights. What's the worse, without the deal, the U.S, Steel plant will face thousands of jobs would be at risk. From this conflict between companies and The U.S., we can see the U.S. has adopted increasingly severe trade protection measures. As a leading manufacturer of synthetic graphite products, we have established a close relationship with the steel factories. Following the new U.S. government tightening their policies, it has very little influence on our business. Our graphite products, especially graphite electrodes are still very popular among the steel factories in Japan and other countries. You can contact us via email wendy@lzxhcarbon.com directly, if you are interested in any specific graphite products,