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Market
Impact of Nippon Steel's acquisition of U.S. Steel on global steel prices by 2024 end
3
Resolution / Starting Odds
Decrease in prices • 33%
No significant change • 33%
Increase in prices • 34%
Global commodity market reports or financial news sources
Story
EU Approves Nippon Steel's $14.9 Billion Acquisition of U.S. Steel
May 6, 2024, 01:10 PM
The European Commission has approved Nippon Steel's acquisition of U.S. Steel for $14.9 billion. The deal, which grants Nippon Steel sole control of the U.S. company, was cleared despite political opposition in the United States, including from President Biden. This acquisition does not raise competition concerns according to the European Commission.
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