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Photo – Multinational companies call for an objective review of the US Steel deal
Multinational companies call for an objective review of the US Steel deal

The appeal appeared amid strong criticism of the acquisition of an American steel company

Photo – US Steel sale review could last until 2025 – Bloomberg
US Steel sale review could last until 2025 – Bloomberg

The terms contrast with the intention of the parties, who expect to close the deal in the spring or by the fall of 2024.

Photo – US Steel completes pilot project in Minnesota to produce DR pellets
US Steel completes pilot project in Minnesota to produce DR pellets

The company plans to produce and ship these products in the first half of 2024

Photo – Japan’s Nippon Steel to acquire U.S. Steel for $14.9 billion
Japan’s Nippon Steel to acquire U.S. Steel for $14.9 billion

The deal was unanimously approved by the NSC Board of Directors and the U.S. Steel

Photo – US Steel closes proposals for the purchase of the business
US Steel closes proposals for the purchase of the business

At the same time, the company announced that it would cease steel production at the Granite City Works plant

Photo – Canada’s Stelco Holdings is weighing a bid to buy US Steel
Canada’s Stelco Holdings is weighing a bid to buy US Steel

The company is negotiating with a potential partner

Photo – US Steel shuts down a blast furnace at an Illinois plant due to a strike in the auto industry
US Steel shuts down a blast furnace at an Illinois plant due to a strike in the auto industry

If necessary, blast furnace volumes will be redistributed to other company facilities

Photo – ArcelorMittal may submit an offer to acquire US Steel
ArcelorMittal may submit an offer to acquire US Steel

Esmark and Cleveland-Cliffs already want to fight for the assets of the American company

Photo – Esmark submitted an offer to acquire US Steel for $7.8 billion
Esmark submitted an offer to acquire US Steel for $7.8 billion

The initial period of validity of the offer will last until the end of November

Photo – US Steel rejected Cleveland-Cliffs takeover bid for $7.3 billion
US Steel rejected Cleveland-Cliffs takeover bid for $7.3 billion

Currently, the steel company is considering strategic options

Photo – US Steel notes improvement in European steel demand
US Steel notes improvement in European steel demand

According to forecasts, US Steel Kosice will ship 3.8-4 million tons of steel in 2023

Photo – US Steel Kosice resumed operation of the blast furnace after a month and a half of downtime
US Steel Kosice resumed operation of the blast furnace after a month and a half of downtime

The unit was forced to stop due to high energy prices, low market demand and a sharp increase in imports

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