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United States Steel's Edgar Thomson Plant in Braddock, Pennsylvania, is shown on Feb. 26, 2019. U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. Nippon, which will pay $55 per share for U.S. Steel, said Monday, Dec. 18, 2023, that the deal will bolster its manufacturing and technology capabilities.
Business

US Steel sale to Japanese firm faces scrutiny from all sides

Zach Halaschak -
0
FILE - In this May 9, 2019, photo, steel rods produced at the Gerdau Ameristeel mill in St. Paul, Minn. await shipment. (AP Photo/Jim Mone, File)
Beltway Confidential

Why this Japanese company’s offer to buy US Steel is good news for the American economy

Washington Examiner -
0
The White House said Thursday that the $14 billion acquisition of US Steel by Japan's Nippon Steel Corp warrants a review by the Treasury Department's Committee on Foreign Investment in the United States.
News

White House suggests US Steel deal deserves ‘serious scrutiny’

Christian Datoc -
0
Sen. John Fetterman (D-PA) walks through a basement corridor at the Capitol on the way to a vote in the Senate on Tuesday, Nov. 28, 2023, in Washington.
News

Fetterman joins GOP blasting ‘outrageous’ US Steel sale to Japanese company

Eden Villalovas -
0
United States Steel's Edgar Thomson Plant in Braddock, Pennsylvania, is shown on Feb. 26, 2019. U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. Nippon, which will pay $55 per share for U.S. Steel, said Monday, Dec. 18, 2023, that the deal will bolster its manufacturing and technology capabilities.
Business

US Steel sold to Japanese rival in $14 billion deal

Zach Halaschak -
0
In this May 2, 2019, file photo, a worker arrives for his shift at the U.S. Steel Clairton Coke Works in Clairton, Pa.
Columnists

‘Will the last steelworker out of Pittsburgh please turn out the light?’

Salena Zito -
0
FILE - In this May 9, 2019, photo, steel rods produced at the Gerdau Ameristeel mill in St. Paul, Minn. await shipment. (AP Photo/Jim Mone, File)
Business

US running short on critical component for key technology

Brady Knox -
0
In this Wednesday, July 11, 2018, photo rolls of steel sit in a warehouse at a fabrication company in Chester, Va.
Business

Steel company to make $5.5M investment in Alabama

Washington Examiner -
0
Ukraine’s richest man plans to sue Russia for bombardment of his steel plants
News

Ukraine’s richest man plans to sue Russia for bombardment of his steel plants

Victor I. Nava -
0
The Department of Commerce announced Monday that the U.S. will temporarily lift the section 232 tariffs placed on Ukrainian steel as a means of supporting the country as it continues to fend off a Russian invasion.
News

Biden providing one year of steel tariff relief for Ukraine

Christian Datoc -
0
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