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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..