Japan's Nippon Steel to Acquire US Steel in $7 Billion Deal

19 Dec 2023 CW Team

In a significant move to strengthen its presence on the global stage, Japan's Nippon Steel Corporation has announced plans to acquire US Steel in a transformative deal valued at $7 billion. The agreement, unveiled on December 18, marks a strategic step for Nippon Steel, positioning the company as a major player in the international steel industry. The acquisition is set to bring about synergies and enhance Nippon Steel's operational capabilities, creating a more resilient and diversified business portfolio. With the steel industry undergoing dynamic shifts, this strategic move allows Nippon Steel to tap into the vast opportunities presented by the US market, known for its robust demand for steel across various sectors, including construction, automotive, and infrastructure. Key aspects of this groundbreaking deal include the consolidation of technological expertise, the sharing of best practices, and the streamlining of supply chain operations. Nippon Steel aims to leverage the strengths of both entities to navigate the evolving landscape of the steel market efficiently. This acquisition aligns with Nippon Steel's long-term vision of sustainable growth and global leadership. The company recognizes the importance of adaptability in a rapidly changing economic environment and is committed to fostering innovation and resilience. The $7 billion investment underscores Nippon Steel's confidence in the potential for growth and collaboration in the US market.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..