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Nippon Steel resolves disputes with USW and Cliffs over U.S. Steel Deal

Nippon Steel announced on Wednesday that it had resolved all legal disputes relating to the $14.9 billion purchase of U.S. Steel by Nippon Steel from U.S. Steel in June.

The settlement included the dismissal of the lawsuit filed by Nippon Steel and its North America unit against USW president David McCall as well as withdrawal of the unfair labor practice complaint the union filed against U.S. Steel at the National Labor Relations Board.

Both companies dropped all claims against Cleveland-Cliffs, its CEO Lourenco Goncalves and anyone else who opposed the deal.

Nippon Steel and U.S. Steel accused Cleveland-Cliffs and its CEO Lourenco Goncalves, as well as United Steelworkers president David McCall, of trying to stop the deal.

The union also filed a complaint with the National Labor Relations Board alleging that U.S. Steel intimidated its workers and tried to suppress any opposition to the sale.

The announcement of the buyout in late 2023, and its completion on June 18, 2025 faced months of political scrutiny, and union opposition, over foreign ownership.

Nippon stated that no compensation has been exchanged in these settlements. Both parties said they are still focused on collective bargaining and steelmaking operations.

(source: Reuters)