U.S. Steel faces murky future after proposed takeover by Nippon Steel is blocked
U.S. Steel has warned that without an infusion of capital from Nippon Steel, it will be forced to curtail its legacy blast furnace investments and shift to cheaper nonunion electric arc furnaces. Additionally, it would move its headquarters out of Pittsburgh.
Local union head: Biden's decision to block U.S Steel sale 'not political'
Local union leaders say their focus is now on a previously announced proposal by U.S. Steel to sell two idled blast furnaces in Granite City to another steelmaker, a deal they say would lead to a significant loss of union jobs.
President Biden's decision to block the acquisition of U.S. Steel by Nippon Steel citing national security concerns drew ...
Automakers' lobbying groups indicated support for the acquisition under the belief it would've increased supply and offered ...
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based ...
When President Biden's long-anticipated blocking of the U.S. Steel acquisition finally came down the pike Friday morning, it ...
Steel was a defining technology of the industrial age, and President Joe Biden made it his goal to bring that back, even as industries like robotics take over.
Reaction to President Joe Biden blocking of the merger of U.S. Steel and Nippon drew reactions from across the nation. Here’s ...
In their most recent act of desperation, U.S. Steel and Nippon are now requiring supervisors to circulate a petition to workers whi ...
U.S. Steel warns that failing to acquire Nippon Steel could weaken the U.S. steel industry against China, impacting jobs and ...
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