U.S. Steel Plans to Close Mills if $14.9 Billion Nippon Steel Deal Falls Through
U.S. Steel has indicated it may close mills and potentially relocate its headquarters out of Pittsburgh if the $14.9 billion buyout by Nippon Steel collapses. In an interview with the Wall Street Journal, CEO David Burritt emphasized that the nearly $3 billion investment pledged by Nippon for U.S. Steel’s aging mills is essential for maintaining […]