After more than a year of off-again, on-again negotiation talks, Nippon Steel’s $15 billion acquisition of American staple U.S. Steel has officially been completed, according to releases from both companies. The details for Gary could be transformative. Nippon’s leadership has already earmarked at least $1 billion for Gary Works, including a rebuild of the aging […]
Nippon Steel
Posted inBusiness, Economy, Politics & Policy
Trump announces deal between Nippon and U.S. Steel
President Donald Trump on Friday announced a partnership between the U.S. Steel and Japanese steelmaker Nippon that he says will keep the headquarters in Pittsburgh and add billions of dollars to the U.S. Economy. “From Pennsylvania to Arkansas, and from Minnesota to Indiana, AMERICAN MADE is BACK,” Trump said on his social media platform Truth […]
Posted inBusiness, Economy
President Biden Blocks U.S. Steel Sale, Raising Questions for Gary’s Future
President Joe Biden on Friday announced his decision to block the $14 billion sale of U.S. Steel to Japan’s Nippon Steel, citing national security concerns. The move could have serious implications in Gary, where U.S. Steel’s Gary Works plant remains a key employer and economic anchor and where local leaders had strongly supported the deal […]
Posted inEconomy
Gary Mayor Expresses His Support for Nippon Steel’s Acquisition of U.S. Steel
With U.S. Steel employees surrounding him, Mayor Eddie Melton on Thursday announced his support for the company’s acquisition by the Japanese company, Nippon Steel. “As the 22nd mayor of Gary, I wanted to show my support for this effort because we have done our due diligence to make sure that it’s the right thing for […]