Deals
US Steel to Close Plants If Nippon Steel Deal Fails, WSJ Says
A US Steel water tower in Braddock, Pennsylvania, US.
Photographer: Justin Merriman/BloombergThis article is for subscribers only.
US Steel would close mills and likely move its headquarters out of Pittsburgh if its planned sale to Nippon Steel falls apart, CEO David Burritt told the Wall Street Journal.
Japan-based Nippon Steel has pledged to invest nearly $3 billion in the firm’s older mills, and those funds are critical to maintaining competitiveness and jobs, he said in an interview.