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An update from NIPPON STEEL ( (JP:5401) ) is now available.
Nippon Steel Corporation and United States Steel Corporation have expressed strong disapproval over President Biden’s decision to block their proposed acquisition, citing it as a violation of due process and a politically motivated move without credible national security concerns. The companies argue that the acquisition would benefit American steel communities through substantial investments and job security, and they plan to take legal action to challenge the decision.
More about NIPPON STEEL
Nippon Steel Corporation is a leading player in the steel industry, with its stock listed on major exchanges including the Tokyo Stock Exchange. The company is known for its manufacturing and distribution of steel products and has a significant market presence both domestically and internationally.
YTD Price Performance: 2.22%
Average Trading Volume: 1,751
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $21.16B
Learn more about 5401 stock on TipRanks’ Stock Analysis page.
