Today: September 23, 2024
Today: September 23, 2024

U.S. Steel warns Nippon deal failure could put thousands of jobs at risk

Nippon Steel logo is displayed at the company's headquarters in Tokyo
September 04, 2024
Reuters

WASHINGTON (Reuters) - U.S. Steel warned Wednesday that a failure to merge with Nippon Steel would put thousands of U.S union jobs at risk and result in the American steelmaker largely pivoting away from its blast furnace facilities and potentially moving its headquarters.

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