​US Steel CEO Warns Collapse Of Nippon Deal Would Spark Plant Closings  – Tyler Durden

US Steel CEO Warns Collapse Of Nippon Deal Would Spark Plant Closings  Just days after Democratic presidential nominee Kamala Harris publicly opposed Nippon Steel’s $14.9 billion bid for US Steel, the CEO of the Pittsburgh-based steel giant told the Wall Street Journal that the company would be forced to relocate its headquarters and shut down steel mills if the deal falls through. CEO David Burritt told WSJ that Japan’s Nippon plans to invest $3 billion in the company’s older mills, ensuring the plants remain competitive in domestic and global markets. The investment will also secure the jobs of thousands of steelworkers.…  — Continue at ZeroHedge News : Read More