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    Market Segment

    November 19, 2024

    Nippon won't import slabs to US if U.S. Steel deal goes through

    Written by Ethan Bernard

    Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.

    Vice Chairman and EVP Takahiro Mori outlined this and other promises from Nippon in a letter on Monday. It was addressed to United Steelworkers (USW) union-represented workers at USS’ Mon Valley Works in Pennsylvania and Gary Works in Indiana.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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