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 ...
Nippon Steel had promised to invest $2.7 billion in U.S. Steel's aging blast furnace operations in Gary and Pennsylvania's Mon Valley, and had said it is best positioned to help the U.S. compete ...
Joint bid for U.S. Steel assets would have Cleveland-Cliffs acquiring blast furnace mills and Nucor taking over Big River Steel, according to CNBC and Bloomberg. Reports published online are ...
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.
In December 2023, Japan's Nippon Steel ... U.S. Steel's aging facilities and to share the fruits of its $500 million annual research budget. For example, Nippon has developed a new blast furnace ...
HARRISBURG, Pa. (AP) — 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 deadline for the Japanese steelmaker to abandon ...
HARRISBURG, Pa. — 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 Monday.
U.S. Steel and Nippon Steel allege in a lawsuit ... Substantial additional investment is needed to make U. S. Steel’s blast furnace facilities competitive. As part of the proposed merger ...