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NPSCY Signals Forecast The Nippon Steel Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
On April 1, 2019, the Japanese name of the company was changed from Nippon Steel Sumitomo Metal Corporation to Nippon Steel Corporation.
Feb 7 (Reuters) - U.S. President Donald Trump said Nippon Steels $14.9 billion bid for U.S. Steel would take the form of an investment instead of a purchase on Friday, even as two sources familiar with the matter said the Japanese steel company had not withdrawn its bid.
A group of US consumers has filed a lawsuit in federal court aimed at preventing Nippon Steels $14.9 billion acquisition of US Steel, citing concerns that the deal could reduce market competition and lead to higher prices for a range of consumer products.
Nippon Steel, the worlds fourth-biggest steelmaker, made a $14.9 billion bid for U.S. Steel in December 2023, ultimately promising billions of dollars in investment to revamp its aging infrastructure and pledging to keep its headquarters in Pittsburgh, Pennsylvania.
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By mid-2023, the once-iconic company had put itself up for sale. It reached a deal that December to be purchased by Nippon Steel for $14 billion, with billions more in promised investments for needed upgrades to its aging steel mills.

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