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 ...
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 had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and ...
President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.
However, U.S. Steel has warned that, without Nippon Steel's cash, it will shift production away from its aging blast furnaces ...
“Without the Nippon Steel transaction ... On its own, U.S. Steel seems poised to focus on newer electric arc furnaces, such as its Big River plant in Arkansas, which can make high-quality ...
The steel companies allege White House decision to block takeover was political and violated their right to due process.
American solution” to save U.S. Steel. He said he would relocate Cleveland-Cliffs’ headquarters to Pittsburgh, keep the U.S.