U.S. Steel sold to Japan's Nippon Steel for $15 billion
0:35
CBS News
U.S. Steel sold to Japan's Nippon Steel for $15 billion
A major employer in the Chicago area, US Steel, has agreed to sell the company overseas for nearly $15 billion. The company struck a deal with Nippon Steel, the largest steelmaker in Japan.
Dec 18, 2023
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Nippon Steel’s $14.1 billion acquisition of United States Steel is vital to making the American company more competitive. The deal would strengthen economic security ties between the US and Japan and help counter China’s dominance in steel-making.
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