Nippon Steel Corporation, trading under the symbol NPSCY on the OTC exchange, is a major player in the global steel industry. The company is known for its production and distribution of steel products, serving various sectors including construction, automotive, and infrastructure. Nippon Steel competes with other industry giants like ArcelorMittal and U.S. Steel.On October 2, 2025, NPSCY will undergo a stock split, exchanging 5 shares for every 3 shares. This move is often used by companies to make their st ...

President Donald Trump has exercised his administration’s “golden share” authority to prevent the shutdown of a U.S. Steel plant in Granite City, Illinois.‘Golden Share' VetoThe “golden share” grants veto power over certain corporate actions, a condition set by the White House for approving Nippon Steel’s NPSCY $14.1 billion acquisition of U.S. Steel in June.This power was used to stop the planned closure of the Granite City plant, which employs 800 workers, according to a report by The Wall Street Journal. ...

U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025.The Trump administration stepped in to stop U.S. Steel from idling operations at its Granite City, Ill., plant, exercising new powers tied to the company's recent takeover, the Wall Street Journal reported.The steelmaker had informed nearly 800 workers that the plant would close in November, noting however that they would still be paid. But after Commerce Secretary Howard Lutnick warned CEO Dav ...