Nippon Steel's Mori to Visit US for Talks on Steel Takeover

04 Jul 2024 CW Team

Eiji Mori, the President of Nippon Steel Corporation, is scheduled to visit the United States next week for crucial discussions regarding the potential acquisition of a US-based steel company. This visit underscores Nippon Steel's strategic interest in expanding its global footprint and strengthening its position in the international steel market.

The talks are expected to focus on negotiating terms and conditions for the acquisition, which aims to bolster Nippon Steel's production capabilities and market presence in North America. The Japanese steel giant is looking to leverage synergies and technological advancements through this strategic move, aimed at enhancing competitiveness and meeting evolving market demands.

Nippon Steel has been proactive in pursuing overseas expansion opportunities amidst global economic uncertainties and shifting trade dynamics. The acquisition discussions represent a significant step towards achieving its growth objectives and diversifying its operational footprint beyond Japan.

The visit by President Mori underscores Nippon Steel's commitment to exploring strategic alliances and investment opportunities that align with its long-term business strategy. The outcome of these discussions could potentially reshape the dynamics of the global steel industry, positioning Nippon Steel as a key player in the North American market.

As discussions progress, stakeholders will closely monitor developments to assess the potential implications on market dynamics, competition, and future investment trends in the steel sector. Nippon Steel's proactive approach reflects its resilience and adaptability in navigating complex global markets and seizing growth opportunities.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..