Nippon Steel was a lifeline for US Steel. What happens now?
Both the former Biden and now Trump Administration’s rejection of the proposed buyout of U.S. Steel by Nippon Steel will represent a turning point for the iconic American corporation. Nippon Steel has the investment capital and the technology to turn around U.S. Steel, but political considerations, especially in the new administration, mean that the future of U.S. Steel is very much in doubt.
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