American Steel Buyers Hail Nippon Deal That Scares Washington bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Steel traders, automotive customers and even United States Steel Corp. workers are hailing the iconic American company’s decision to sell to a Japanese rival. That has left the steel industry wondering why politicians in Washington are eager to cast doubt on the $14.1 billion deal.Most Read from BloombergIraq Says 16 Killed in US Strikes, Calls Security Risk GraveMeta’s $197 Billion Surge Is Biggest in Stock-Market HistoryUS Hits Iran’s Militias in Syria, Iraq, Raising Escalation
Japanese bid for US Steel challenges Biden s approach to global economy washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
John C. Tumazos thinks unions and Pennsylvania politicians have gotten the U.S. Steel sale all wrong. The Wilkinsburg-bred metals industry analyst said Nippon Steel’s $14.9 billion acquisition of the Pittsburgh-based steel icon will not trigger mass layoffs in Southwestern Pennsylvania or encourage the new owners to idle mills. Instead, the