An activist shareholder is planning a proxy battle at United States Steel Corp. to force the end of the controversial $14.9 billion acquisition by Nippon Steel, The Wall Street Journal reported late Sunday.
If Cleveland-Cliffs is able to acquire US Steel, its CEO says the headquarters of the new entity would be in Pittsburgh, not Cleveland.
The potential sale of U.S. Steel could have significant implications for the Ohio Valley, particularly for a new facility in Weirton where electric transformers
The Clean Energy Buyer's Association found that by 2050, the U.S. steel industry will require 10 times as much electricity as it does now.
Cleveland-Cliffs offered the company roughly $7.3 billion for a buyout in July 2023, though it was rebuffed. In a lawsuit filed earlier last week, U.S. Steel and Nippon say Cleveland-Cliffs conspired with the United Steelworkers Union to put pressure on Biden and the regulatory process to steer the deal back into its hands.
Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday that he wanted to make a new bid for U.S. Steel, which accepted the buyout offer from Nippon ...
A federal judge on Friday denied a request by U.S. Steel (NYSE: X) and Nippon Steel to expedite a preliminary injunction against rival Cleveland-Cliffs Inc., Cliffs' CEO Lourenco Goncalves and ...
HARRISBURG, Pa. — The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday. Lourenco Goncalves, the CEO of Ohio-based steelmaker ...
After Nippon Steel's bid was thwarted by the Biden administration, other American competitors are looking for an acquisition.
and the flood of cheap foreign steel into the U.S. marketplace. Forty years ago, steel was king up and down the Ohio and Mon valleys in towns and cities such as Shenango, Wheeling, Weirton ...
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the
(The Center Square) – A joint bid for U.S. Steel from two domestic ... about a formal offer the Ohio-based company plans to make with Nocur, a steel manufacturer headquartered in North Carolina.