The deal would have invested $300 million into the Gary Works steel mill, U.S. Steel's largest plant. But President Biden blocked the plan, saying it would make the nation less strong and less secure.
Consent of the governed is one of the founding principles of our country. Embedded in the Declaration of Independence, it ...
US Steel's largest plant, Gary Works, employs around 3,700 people - down from more than 30,000 at its peak. Previous plans to transform Gary have also been canned, including a multibillion-dollar ...
I have to be the chief advocate for this community." He said Nippon pledged a $300 million investment into the Gary Works Steel Plant, believing it would allow for cleaner production of steel in ...
Nippon Steel pledged to invest $2.7 billion into U.S. Steel's operations, including nearly $1 billion in Gary Works. The Japan-based steelmaker promised to repair or reline four blast furnaces at ...
Earlier this month, the Japanese steelmaker said it would invest $1 billion in U.S. Steel’s Gary Works if the acquisition goes through. That includes a previously announced $300 million ...
Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. The Biden administration's decision to block Nippon ...
President Joe Biden's decision to block the sale of U.S. Steel to Nippon Steel raises questions about the future of Gary Works, the city's largest employer and the thousands of jobs tied to it.
U.S. Steel employs about 4,500 employees at Gary Works and its Midwest Plant in Portage. Gary Mayor Eddie Melton has repeatedly expressed support for the deal, which would have brought more than $ ...