US Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately.
U.S. Steel founded the city of Gary with its Gary Works operation that at one time employed some 30,000 people. The steelmaker also operates the Midwest Plant in Portage. Nippon has subsidiary operations in the Indiana cities of Seymour, South Bend and Shelbyville.
Read how Japanese steelmaker Nippon Steel Corporation will acquire US Steel for $14.9 billion in the second or third quarter of 2024, the company said on Monday December 18
PENNSYLVANIA (AP) — U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. The price tag for U.S. Steel is nearly double […]
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. U.S. Steel employs hundreds of people at its taconite operations on the Iron Range, including Minntac in Mountain Iron and Keetac in Keewatin.