“My understanding is steel consumers, steel customers are much happier with Nippon as the buyer,” Wolfe Research analyst Timna Tanners said at the Tampa Steel Conference.

Nucor acknowledges it was interested in acquiring some of United States Steel's assets, but dropped out of the bidding near the end over concerns about the price.

Nucor shares have added about 0.6% since the beginning of the year versus the S&P 500's gain of 2.5%.

Nippon Steel declined to comment on the possible issuance of bonds and new shares.

Japanese trading house Sumitomo Corp on Monday slashed its output estimate of nickel at its Ambatovy project in Madagascar due to system glitches.

Indian Metals & Ferro Alloys Ltd (IMFA) recently reported its financial results for the quarter and nine months ended on December 31, 2024.

India: RINL conducts a reverse auction for 1,700 t of ferrosilicon.

Global mining giant BHP announced on Friday that it has kicked off a commercial-scale direct reduced iron production project with China Baowu Steel Group Corporation to support steelmaking decarbonization development in China.