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The letter alleged that the transaction posed a risk to national security by threatening the steel supply chain for critical U.S. industries. The companies countered in a 100-page letter that the ...
But there is not a diverse domestic supply chain for the type of steel automakers prefer in vehicle manufacturing. Automakers, Reepmeyer said, favor steel produced using blast furnaces rather than ...
It’s hard to think of a more iconically American company than US Steel. It’s right there in the name. So in the face of increasingly tough competition both domestic and foreign, US Steel ...
The British government and Tata of India said they would invest 1.25 billion pounds in a plan to convert the steel mill at Port Talbot in Wales to an electric furnace. By Stanley Reed Reporting ...
If the government is "truly worried about maintaining steel supply here in the United States, the real solution is not to block this deal, but instead to use the CFIUS hammer to ensure that Nippon ...
WASHINGTON : Nippon Steel's proposed $14.9 billion takeover of U.S. Steel would create national security risks because it could hurt the supply of steel needed for critical transportation ...
Nippon Steel’s proposed $14.9 billion takeover of U.S. Steel would create national security risks because it could hurt the supply of steel needed for critical transportation, construction and ...
Michelle Steel made a motion to enact the "Greater Accountability from Lawmakers for Americans Act," or GALA act after Rep. Alexandria Ocasio-Cortez attended the Met Gala on September 30 ...
which is key to moving Midwest Industrial Supply's products to customers in the steel, oil and gas, military and other industries. JobsOhio offered a $75,000 reimbursement, provided the company ...
Nippon Steel has pledged to appoint a board for US Steel with a majority of US citizens if its $14.9bn deal for the company is approved, after vice-president Kamala Harris said on Monday that it ...