US Steel is threatening to shutter a number of mills if the Biden administration blocks its sale to would-be Japanese buyer Nippon Steel. But another rival, Cleveland Cliffs, is offering to buy those mills from US Steel if President Joe Biden stops the deal.
This week US Steel said it would be forced to shut down the mills represented by the United Steelworkers union if it doesn’t get the $2.7 billion in investment planned by Nippon Steel as part of its proposed $14.3 billion purchase. But the Biden administration and the USW are
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