U.S. Steel, a one-time symbol of America’s global industrial might, is teetering on the edge of uncertainty. Its survival up to now is a testament to its resilience in the face of federal regulatory policies that incentivized the outsourcing of the nation’s once-mighty industrial manufacturing base.
A significant capital investment like the one Nippon Steel has proposed is needed for it to survive and prosper. It’s willing to make a $14 billion investment in the firm while keeping its name and leaving it headquartered in the United States.
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