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...US Steel....
...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...Nippon Steel has vowed to push ahead with its $14.9bn acquisition of US Steel, predicting “calmer discussions” with unions after the country’s presidential election in November....
...Steel has none of the sensitivities of high-tech social media; US Steel is not a direct supplier to the military....
...On Thursday, President Joe Biden threw cold water on Nippon Steel’s pending $15bn acquisition for US Steel, once a national icon. He said US-steel should remain American....
...Joe Biden has declared his opposition to Nippon Steel’s proposed $14.9bn purchase of US Steel, saying it was “vital” for the American steel company to remain “domestically owned and operated”....
...Joe Biden plans to intervene in Nippon Steel’s proposed purchase of US Steel, a move that could threaten the deal and anger Japan, one of Washington’s closest allies....
...Starmer announced the U-turn this month after a drawn out period of internal arguments over whether the pledge, made in 2021 when borrowing rates were close to zero, was still affordable at a time of higher...
...The economy of Pittsburgh, Pennsylvania, has grown far beyond its steel industry roots....
...Nippon Steel is not a member....
...In India, when the Tatas started manufacturing steel in Jamshedpur around 1907, they gradually built and developed the town itself. The original town was known as Sakchi....
...In the US, for every job in steel production, there are around 14 jobs in industries that use steel intensively....
...completed (ish) by 2026 (Guardian) — A Trump bankruptcy, part 1 and part 2 (Credit Slips) — Too Much Certainty is a Terrible Thing: Benchmarks and the Meaning of Risk (AllianceBernstein) — Partying With The U.S...
...Shares in US Steel closed down 2.4 per cent on Tuesday at $48.38, below Nippon Steel’s $55 per share offer price....
...On Monday, US Steel announced that it would sell itself to Nippon Steel of Japan at an enterprise value of $15bn....
...It comes after much of the country’s steel industry has consolidated, leaving Cleveland-Cliffs, Nucor, Steel Dynamics and US Steel as the four large players....
Future of South Africa’s Phalaborwa site may depend on strength of Washington’s support
...Joe Biden has thrown his support behind an investigation of Nippon Steel’s purchase of US Steel on national security grounds, despite Japan’s status as one of Washington’s closest allies....
...Capitalism reins in the sale of US Steel In August, Cleveland-Cliffs wrapped its unsolicited bid for US Steel in an American flag....
...Activist investor Cevian Capital has taken a €1.2bn stake in UBS, and Nippon Steel has agreed to buy US Steel in a $14.9bn deal....
...JSW said it aimed to bring down the cost of MG’s EVs by supplying its own steel, in addition to batteries, and carrying out more research and development in India....
...On Wednesday, Joe Biden said he would triple tariffs on Chinese steel imports — a pure election gimmick since they only cover 0.6 per cent of total US steel demand....
...— Someone is trying to shitpost Truth Social to death (Wired) — Linda Yaccarino’s Very Unmerry X Mess (Hollywood Reporter) — How the U.S. and EU Could Harmonize Their Approaches to Trade in EVs and Steel...
...The Tories seized on the U-turn....
...Environmental advocates argue that retrofitting old buildings should be the preferred option to make best use of emission-intensive materials such as glass, steel and concrete in existing structures....
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