On December 18, 2023, Nippon Steel, the fourth largest steelmaker in the world, announced it was buying United States Steel (US Steel) for $14.9 billion. Though US Steel is an iconic company central ...
China is both the world's largest producer and consumer of steel. Because of the enormous size of the Chinese steel industry, any change in domestic production can have an outsized impact on the ...
WASHINGTON — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U ...