A week after President Joe Biden announced on March 14 that "US Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and ...
JSC Severstal (Cherepovets, Russia) has not only announced that it would consolidate its holding in SeverCorr LLC (Columbus, Mississipi, USA), but that steel industry veteran John Correnti - who founded the flat rolled sheet mill in 2003 and has been its chief executive officer - and other...
Steel to remain "American-owned and operated," while her Republican rival Donald Trump has pledged to block the deal if elected. U.S. Steel is headquartered in Pennsylvania, a crucial swing state hotly contested by both candidates in the Nov. 5 election. The expected demi...
The all-cash acquisition of Pittsburgh-based U.S. Steel by Nippon Steel sent stock soaring over 27% before the opening bell Monday.
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US vice president and presidential candidate Kamala Harris used a Labor Day speech to criticise a deal that would see American steelmaker US Steel taken over by Japan's Nippon Steel. The $14.1 billion takeover was agreed to in principle in December of last year but has come under h...
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Biden on Friday halted the takeover after federal regulators deadlocked on whether to approve it — because “a strong domestically owned and operated steel industry represents an essential national security priority. ... Without domestic steel production and domestic steel workers, our nation is less...
Biden on Friday decided to stop the Nippon takeover — after federal regulators deadlocked on whether to approve it — because “a strong domestically owned and operated steel industry represents an essential national security priority. … Without domestic steel production and domestic ...
Vice President Kamala Harris said Monday that US Steel should remain domestically owned, sayingduring a campaign stopin Pittsburgh that it is “vital for our nation to maintain strong American steel companies.” Harris’ comments marked the first time she lent her voice to the disputeover the pro...