US Steel warns that Pennsylvania HQ and plants could close if government blocks its sale to Nippon

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"Without the Nippon Steel transaction, US Steel will largely pivot away from its blast furnace facilities, putting thousands of good-paying union jobs at risk," the company said in a statement.

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Article Details

Author / Journalist: Rebecca Droke, John Biers, AFP

Category: EconomyBusiness

Markets: United StatesJapan

Topics: Pennsylvania The Biden administration Steel industry Mergers and acquisitions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 08:46:11 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 30 words

Reading Time: 1 minutes read

Sentences: 33 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 22373384

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 28 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #95

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