Pittsburgh's most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that's kicking up an election year political maelstrom.
The tale should have ended when Japan’s Nippon Steel emerged the victor in the ensuing bidding war, with an announcement on December 18, 2023, that Nippon would acquire the Pittsburgh-based steelmaker in an all-cash buy of $14.1 billion plus the assumption of $800 million in debt. This ...
PITTSBURGH (KDKA) — President-elect Donald Trump has delivered a gut punch to Nippon Steel's $15 billion bid to buy U.S. Steel, saying he's against the sale. In a social media post, Trump says when he takes office,he will block the sale, which was announced last December. "I ...
Pittsburgh's most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that's kicking up an election year political maelstrom.
PITTSBURGH (KDKA) - We've got ourselves another egg! Irvin and Claire, the pair of bald eagles nesting near the U.S. Steel Irvin Plant welcomed another egg last night. Once the egg hatches, it will be called "USS 8" making it the eighth successful hatch at the nest. ...
Nippon vice-chair Takahiro Mori flew from Tokyo to US Steel’s hometown of Pittsburgh on Saturday, and will make his case in person over the coming days that regulators should clear its bid, according to a person familiar with the trip. ...
Fox Rothschild Lures Ex-US Steel GC Head to PittsburghSilow, Mark LGarraux, James DLaw
Nippon Steel announced in December that it planned to buy the Pittsburgh-based steel producer for $14.1 billion in a deal that many in the business community believe would benefit union workers and the US steel industry. Moreover, N...
A Trump victory could hinder progress to reduce emissions from the steel industry with innovative technology. Trump said in January that he would “instantaneously block” the proposed $14 billion takeover of the Pittsburgh-based U.S. Steel by the Japanese company Nippon Steel, which has d...
The United Steelworkers union, also based in Pittsburgh, has opposed the takeover. Nippon Steel announced the controversial acquisition in December, leadingBidento pick a side between a powerful union and its voters, and a critical American ally. The president has invested heavily in shoring up al...