How would Nippon Steel's plan affect Granite City steelworkers and residents?
“I’m disappointed that it isn’t one of the other steel companies that we were pushing for,” union leader says.
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“I’m disappointed that it isn’t one of the other steel companies that we were pushing for,” union leader says.
Nippon Steel Corp. (NSC) will acquire U. S. Steel in an all-cash transaction at $55 per share, they jointly announced Monday morning.
Third-generation steelworker Don Jackson said he’s seen how mill owners weathering an economic downturn can cripple a city. In Pittsburgh in 1984, a year after Jackson graduated from high school, J&L Steel shuttered the 140-year-old South Side mill that sat just a mile from Jackson’s Arlington home. At its peak,
United States Steel Corporation (NYSE: X) announced Monday that it will be acquired by Japan-based Nippon Steel Corporation in a transaction valuing the company at $14.9 billion.
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.