Nippon Steel delays US Steel acquisition to Q2 2025

Nippon Steel Corporation (TSE:5401) announced a delay in its planned acquisition of US Steel Corporation. Originally slated for Q1 2025, the deal is now expected to close in Q2 2025. The company cited ongoing collaboration with US Steel and the need to satisfy regulatory approvals and other conditions within the merger agreement as reasons for the revised timeline. This announcement amends the initial acquisition disclosure from December 18, 2023, which has seen several updates since then regarding the acquisition’s progress. Nippon Steel affirmed its commitment to the acquisition and emphasized that the delay will not impact its consolidated performance.