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Chris Isidore, CNN. December 18, 2023 at 7:49 PM. U.S. Steel. US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal. The deal marks the latest ...
In December, President Joe Biden described the proposed sale of U.S. Steel to Nippon Steel of Japan as deserving “serious scrutiny.” Now, three months later, he has made plain his opposition.
Cleveland Cliffs acquired AK Steel in 2019 right before steel prices began to spike and within a year, it acquired ArcelorMittal USA in 2020 for $1.4 billion. U.S. Steel bought Big River Steel the ...
Total equity. US$11.047 billion (2023) [6] Number of employees. 21,803 [6] ( 2023) Website. USSteel.com. United States Steel Corporation, more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations primarily in the United States of America and in Central Europe.
The United States is also a major importer of iron and steel, as well as iron and steel products. Employment as of 2014 was 149,000 people employed in iron and steel mills, and 69,000 in foundries. The value of iron and steel produced in 2014 was $113 billion. [1] About 0.3% of the US population is employed by the steel industry.
U.S. Steel, formed by J. P. Morgan's merger of Carnegie Steel with other steel producers, was once the largest company in the United States. The Pittsburgh-based steelmaker had held the record for the largest initial public offering of any company in history—becoming the first billion-dollar company—and was added to the Dow Jones Industrial Average on its first day of public trading on the ...
Nippon Steel — the world’s fourth-largest steelmaker in 2023, according to association figures — and U.S. Steel are now in the midst of a broad public relations effort to promote the sale.
(Reuters) -U.S. Steel shareholders on Friday approved its proposed $14.9 billion acquisition by Japan's Nippon Steel, as expected, taking the merger one step closer to completion even as political ...