The deal would have invested $300 million into the Gary Works steel mill, U.S. Steel's largest plant. But President Biden blocked the plan, saying it would make the nation less strong and less secure.
I have to be the chief advocate for this community." He said Nippon pledged a $300 million investment into the Gary Works Steel Plant, believing it would allow for cleaner production of steel in ...
Nippon Steel pledged to invest $2.7 billion into U.S. Steel's operations, including nearly $1 billion in Gary Works. The Japan-based steelmaker promised to repair or reline four blast furnaces at ...
Earlier this month, the Japanese steelmaker said it would invest $1 billion in U.S. Steel’s Gary Works if the acquisition goes through. That includes a previously announced $300 million ...
“Nippon Steel is the only partner both willing and able to make the necessary investments — including no less than $1 billion to Mon Valley Works and approximately $300 million to Gary Works as part ...
President Joe Biden's decision to block the sale of U.S. Steel to Nippon Steel raises questions about the future of Gary Works, the city's largest employer and the thousands of jobs tied to it.
U.S. Steel employs about 4,500 employees at Gary Works and its Midwest Plant in Portage. Gary Mayor Eddie Melton has repeatedly expressed support for the deal, which would have brought more than $ ...