The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden Administration extended a ...
In December 2023, Japan's Nippon Steel agreed to acquire the struggling U.S. Steel in a win-win deal ... over 4,000 union jobs in Pennsylvania and Indiana. Then politics interceded.
U.S. Steel and Nippon Steel allege in a lawsuit the administration blocked their $14.9 billion deal over political ...
Cleveland-Cliffs CEO Lourenco Goncalves said further consolidation of the steel industry would be beneficial for U.S. Steel ...
U.S. Steel has warned that, without Nippon Steel's cash, it will shift production away from the blast furnaces to cheaper non-union electric arc furnaces and move its headquarters out of Pittsburgh.
Nippon Steel announced another $1.4 billion investment in U.S. Steel’s key facilities at Mon Valley, Pa. and Gary, Ind. Additionally, Nippon offered an additional 10-year guarantee that it would ...
HARRISBURG, Pa. (AP) — The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge ...
United States Steel Corp. shares rose after CNBC reported that Cleveland-Cliffs Inc. and Nucor Corp. are considering a ...