# @morningbrew on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C1CdBDQsv2f
- **Gondola URL:** https://gondola.cc/posts/17630149-morningbrew-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/d044c265ec.jpg
- **Posted:** 2023-12-19T14:41:31.000+00:00
- **Account Owner:** Morning Brew ☕️ (@MorningBrew) — https://gondola.cc/MorningBrew

## Caption

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. ⁠
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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. ⁠
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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

## Stats

- **Views:** 0
- **Likes:** 13,161
- **Shares:** 0
- **Comments:** 409

## Credits

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Morning Brew ☕️ | @MorningBrew | https://gondola.cc/MorningBrew | Media Company |
| Liam Fennessy | @LiamFennessy_ | https://gondola.cc/LiamFennessy_ | Editor |

## Tags

businessnews, ussteel, manufacturing, business, nippon

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