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In December 2023, Nippon Steel declared a $14.9 billion all-cash bargain to obtain U.S. Steel, pointing to gotten to be the world’s second-largest steel maker. The procurement included commitments to hold U.S. Steel’s title and central command in Pittsburgh and honor existing union assentions. In any case, the bargain confronted quick resistance from different partners, counting the Joined together Steelworkers union and bipartisan legislators, citing concerns over national security and remote possession of a memorable American company
