With reports that President Joe Biden is preparing to block U.S. Steel’s sale to a Japanese company, a high-stakes battle with significant political and labor implications is unfolding.
Collins said rustproof stainless steel now makes up about 4% of the steel used worldwide each year — almost 2 billion tons. But stainless steel is complex and expensive to make — typically ...
US Steel put itself up for sale in 2023 after receiving an unsolicited $7 billion takeover offer from Ohio-based Cleveland Cliffs. The $14.9 billion deal with Nippon Steel, Japan’s largest ...
During the Trump administration, Trump used just such a broad definition to put tariffs on steel imports from close allies, including Canada, and threatened to use the same justification to place ...
Washington — With a deal still in flux, the U.S. auto industry keeps pushing top government officials to allow the proposed acquisition of United States Steel Corp. by Japanese rival Nippon ...
*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. The White House is signaling an openness to formally blocking the acquisition of U.S. Steel by Nippon Steel. President Joe ...
An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel, a deal that faces strong opposition from its workforce. The board, which was jointly ...