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The planned sale of the United States Steel Corporation, an industry giant and Northwest Indiana icon for more than a century, has prompted a strong backlash from union leadership and elected officials. Environmental advocates have renewed calls for the company to reduce its carbon emissions in a bid to slow down human-made climate change. On Monday, the Pittsburgh-based U.S. Steel announced ...
Cleveland-Cliffs raised steel prices for the third time since the end of the United Auto Workers strike now that it's biggest customers are back in gear.
Nippon Steel is a better buyer for US Steel than another American company would be, one analyst explains. The latter would lead to higher steel prices in the US, which isn't helpful for efforts to bring manufacturing back to the country.
The acquisition boosts the Japanese steelmaker's strategy for global expansion
Nippon Steel will pay $55 per share, about a 40% premium over U.S. Steel's closing price of $39.33 on Friday.