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Nippon Steel Set to Buy U.S. Steel, Union Dismayed

The Truth About Cars

DECEMBER 18, 2023

On Monday, Japan's Nippon Steel expressed its intention to purchase the United States Steel Corporation. However, the United Steel Workers don’t seem pleased with the arrangement and were said to have backed an earlier offer from domestic rival Cleveland-Cliffs Inc. Steel started mulling over larger offers from Japan. "We

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Biden opposes Nippon Steel takeover of US Steel – ET Auto

Baua Electric

MARCH 15, 2024

President Joe Biden said Thursday he is against the proposed sale of US Steel to Japan’s Nippon Steel , as election year considerations appeared to outweigh the risk of angering key ally Japan. US Steel had previously received an offer to be bought by domestic competitor Cleveland Cliffs, in a deal endorsed by the USW.

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