U.S. Steel is struggling financially and needs a buyer, with Nippon Steel offering a potential solution. The Biden ...

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ArcelorMittal S.A. (MT), founded in 1976, is a global giant in steel and mining with a market cap of $19 billion. Last year, the company produced about 50% of its steel in Europe, compared to 39% ...

Nippon Steel, for its part, has promised to invest in blast furnace production as part of a potential U.S. Steel purchase.

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HORSLEY: Now, the steelworkers union has also bitterly opposed the sale. International union president David McCall worries that Nippon Steel would use the acquisition to funnel cheap Japanese ...

The deal has become a flashpoint in the presidential campaign, with Harris and Trump also opposing the transaction.

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Washington — With a deal still in flux, the U.S. auto industry keeps pushing top government officials to allow the proposed acquisition of United States Steel Corp. by Japanese rival Nippon ...

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