Reported about 1 month ago
Nippon Steel Corp. announced plans to invest an additional $1.3 billion in US Steel plants to secure backing from the United Steelworkers union for its $14.1 billion acquisition bid, which faces political obstacles from both President Biden and former President Trump. This investment targets legacy facilities like Mon Valley and Gary Works, where the union has expressed concerns over labor contracts and national security issues related to the takeover.
Source: YAHOO