Financial risks and uncertainties surround CLF's potential acquisition of US Steel, but share buyback program offers ...
U.S. Steel shares jumped Monday on a report that Cleveland-Cliffs is teaming up with rival Nucor for a potential bid for the ...
WASHINGTON − President Joe Biden on Friday blocked the sale of U.S. Steel to a Japanese buyer in an extraordinary use of presidential power he said protects an American industry vital to ...
Rise of US Steel Paralleled the Arrival of the ... began producing more steel used for a growing middle class. Manufacturers needed steel for household appliances, automobiles and vast ...
Other major US steel manufacturers are: Tenaris, Cleveland-Cliffs, Carpenter Technology, Commercial Metals Company, Steel Dynamics, and US Steel. In fact, it makes no sense on the part of the US ...
President Biden blocked Nippon Steel's (NPSCY, 5401.T) $14.9 billion bid for US Steel (X) on Friday, even after the Japan-based company submitted a new buyout proposal to the US administration ...
These policies led to higher domestic steel prices and improved profit margins for U.S. producers, although they also faced criticism for increasing costs for manufacturers reliant on steel imports .
US Secretary of State Antony Blinken insisted during a visit to Tokyo on Tuesday that ties with Japan were stronger than ever, days after President Joe Biden blocked Nippon Steel's takeover of US ...
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel on Friday — something he had first vowed to do in March. His decision comes after the Committee on ...