US President Biden earlier this month blocked takeover plan Both companies have appealed for deal to be allowed to proceed The Committee on Foreign Investment in the United States approved an ...

Coupled with the Chinese New Year holiday arrangements at the end of January, the overall operating rate and production schedule of stainless steel mills are expected to decline further. Total ...

US Steel has claimed it could be forced to shut down the mills represented by the USW if it doesn’t get the $2.7 billion in investment planned by Nippon Steel as part of its proposed purchase.

TOKYO, Jan 6 (Reuters) - Japan's Nippon Steel (5401.T), opens new tab may need to look at a revamp of its growth strategy after U.S. President Joe Biden blocked its proposed $14.9 billion ...

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Gary Works, an integrated steel mill operated by US Steel in Gary, Indiana, seen on Dec. 12, 2024. REUTERS/Vincent Alban “It’s not closing, and Biden hasn’t spoken yet. He will.” ...

After spending most of Squid Game Season 1 literally behind the scenes, Hwang In-ho/Front Man (Lee Byung-hun) unmasks himself and steps into the games for Season 2. Although it’s the same twist ...

Nippon also vowed to spend an additional $2 billion to modernize aging steel mills in Pennsylvania and ... None win anything, and end up just as bad off as before. U.S. Steel needs investment ...

Nippon Steel had repeatedly said it was confident of closing the deal by the end of 2024 ... jobs and it might be forced to close some steel mills. The United Steelworkers union, which opposes ...

and it might be forced to close some steel mills, an assertion the USW union described as baseless threats and intimidation. REUTERS ...

The global steel industry is a major source of greenhouse gas emissions, producing more CO2 than many major countries, and some U.S. Steel mills are ... hope that the end of the Nippon takeover ...