But USSteel has said the deal is necessary to help shore up the company’s ailing business, which has been struggling to keep up with cheaper foreign steel – mostly from China – for decades.
As U.S. Ambassador to Japan Rahm Emanuel noted when the deal was first announced, “These two iconic companies are defining the future of the key steel industry and forging a strong bond as they ...
A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel ...