“As Governor Shapiro has stated before, he expects any potential buyer for U.S. Steel to demonstrate strong commitments to capital investment at the Mon Valley Works, keeping the headquarters in Pittsburgh, and protecting and growing jobs throughout western Pennsylvania,” Bonder said.
Pennsylvania lawmakers are reacting to President Joe Biden’s plan to block the acquisition of Pennsylvania-based U.S. Steel by the Japanese company Nippon Steel. Pennsylvania Governor Josh Shapiro released a statement Friday morning saying he expects U.
LYNDORA, Pennsylvania — Lourenco Goncalves, the CEO of steelmaker Cleveland-Cliffs, said he wants to make a new bid to acquire U.S. Steel, calling his pitch an “all-American solution” to ...
President Joe Biden’s decision to block Nippon Steel’s acquisition of U.S. Steel on national security grounds will have disastrous consequences for some Pennsylvania steel workers, who will ...
The story for U.S. Steel has been markedly different. When economic forces fueled by climate action policy left the company unable to modernize its mills in southwestern Pennsylvania, a $14.9 ...
Biden said he blocked the $14 billion takeover of U.S. Steel by Japan's Nippon Steel on the grounds the sale was a threat to national security.
Josh Shapiro faces a new challenge after the White House blocked U.S. Steel’s overseas acquisition. Join the lawsuit the company filed alongside its would-be Japanese-owned buyer, Nippon Steel, and make sure Pennsylvania doesn’t lose more jobs to ...
A second lawsuit targets the international president of the steelworkers union, David McCall, and a rival steelmaking company, Cleveland Cliffs, which had made its own offer for U.S. Steel. That suit, filed in federal court in Pennsylvania, says the ...
(WHTM) – Pennsylvania lawmakers are reacting to President Joe Biden’s plan to block the acquisition of Pennsylvania-based U.S. Steel by the Japanese company Nippon Steel. Pennsylvania Governor ...
Cleveland-Cliffs is partnering with peer Nucor to prepare a potential all-cash bid for U.S. Steel, with an offer in the high $30s per share, a person familiar with the matter said on Monday. Cliffs is aiming to purchase all of U.
Japan's Nippon Steel agreed to acquire the struggling U.S. Steel in a win-win deal that would bring much needed capital investment to help restore the ailing steelmaker's competitiveness and preserve over 4,