us steel

Trump says US Steel will keep HQ in Pittsburgh in a sign he’ll approve bid by Japan-based Nippon

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Trump says US Steel will keep HQ in Pittsburgh in a sign he’ll approve bid by Japan-based Nippon

President Donald Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “planned partnership” that seemed to signal that he’ll approve a bid by Japan-based Nippon Steel to make a big investment in the iconic American steelmaker, if not buy it outright. Still, Trump’s statement left … Read more

Despite recent blow, Japan won’t stop trying to invest in the US

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Despite recent blow, Japan won’t stop trying to invest in the US

Tokyo: As signs emerged that President Joe Biden was gearing up to stop Japanese steel-maker Nippon Steel from acquiring Pittsburgh-based US Steel, top Japanese officials repeatedly warned that quashing the merger would hinder economic ties between the allies.In September, Japan’s biggest business lobby, Keidanren, said America’s investability would be tarnished if Nippon Steel’s $15 billion … Read more