nippon steel

‘Nippon ownership could risk bringing U.S. Steel into more – not less – dependence on China’s non-market economy.’

And how unions, and foreign and domestic competition casts the fate of legacy steel companies.

Purchase has sparked concern among lawmakers who fear deal may threaten national security and undermine vital domestic steel production.

‘A turning point for an icon of American industry.’

The Pittsburgh steelmaker has turned down multiple domestic bidders for the company.