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Would Nippon Steel Acquiring US Steel Be Good for Construction Customers?

Authors :
Yoders, Jeff
Source :
ENR: Engineering News-Record. 2024, Vol. 293 Issue 1, p53-53. 1p. 1 Color Photograph.
Publication Year :
2024

Abstract

The article discusses the ongoing merger dispute between U.S. Steel and Cleveland-Cliffs, with Japan's Nippon Steel Corporation proposing to acquire U.S. Steel. The $14.1 billion acquisition deal is still awaiting regulatory approval. The article explores the potential impact of the acquisition on the construction industry, particularly in terms of steel prices and supply. The Associated General Contractors of America believes the effects are uncertain, while the Associated Builders and Contractors of America support the deal. The article also mentions the significance of U.S. Steel's modern plant, Big River Steel, and the potential benefits of Nippon Steel's expertise in electrical steel. [Extracted from the article]

Details

Language :
English
ISSN :
08919526
Volume :
293
Issue :
1
Database :
Academic Search Index
Journal :
ENR: Engineering News-Record
Publication Type :
Periodical
Accession number :
178106583