US Steel is turning Japanese. ⁠ ⁠ Once the world's largest company and a symbol of US manufacturing might that counts JP Morgan and Andrew Carnegie among its founders, US Steel has agreed to be bought by Japan's Nippon Steel. ⁠ ⁠ The deal ends months of speculation over the 122-year-old steel company's fate after it rebuffed a $7.3 billion offer from domestic rival Cleveland-Cliffs over the summer. ⁠ ⁠ Assuming regulators and US Steel's shareholders sign off on the purchase, it would make Nippon the second-biggest steel company globally and give it a major presence in the US market, which uses a lot of steel, especially to make cars. ⁠ ⁠ #ussteel #manufacturing #nippon #business #businessnews