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WASHINGTON (Reuters) -The Biden administration told Nippon Steel in a letter on Saturday its $14.9 billion acquisition of U.S. Steel would pose a national security risk by harming the American ...
US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal. The deal marks the latest step in a gradual decline for the iconic 122-year old company ...
U.S. Steel has been a symbol of industrialization since it was founded in 1901 by J.P. Morgan, Andrew Carnegie and others, and the domestic steel industry dominated globally before Japan, then ...
(Reuters) -U.S. President-elect Donald Trump said on Monday a series of tax incentives and tariffs will revive storied American firm U.S. Steel, as he reiterated his opposition to Nippon Steel's ...
The potential foreign ownership of U.S. Steel, which is widely considered an icon of American industry, [5] [6] has generated controversy in the U.S. [7] The White House, [8] lawmakers from both major parties, [9] [10] and the USW have criticized or opposed the deal due to concerns about its impact on workers, supply chains, and national ...
The $14.9 billion sale of iconic steelmaker US Steel to Japan’s Nippon Steel ends months of speculation over industry consolidation in a move criticized by union workers, but seen by one analyst ...
The value of iron and steel produced in 2014 was $113 billion. [2] About 0.3% of the US population is employed by the steel industry. [3] As of 2022, major steel-makers in the United States included Cleveland-Cliffs, Carpenter Technology, Commercial Metals Company, Nucor, Steel Dynamics, and U.S. Steel. [4]
One of the US economy's most revered manufacturing names could soon be absorbed by the industry. US Steel this week revealed the company is evaluating "strategic alternatives" after receiving ...