Nippon Steel boosts investment for proposed US Steel deal
Nippon is now offering to build a new steel mill, save existing steelworker jobs and potentially add many more unionized roles.
Global production of iron ore products reached 2.2 billion tonnes in 2020 and is expected to reach 2.35 billion tonnes in 2021, according to Fastmarkets. Despite the covid-19 pandemic, Chinese demand and Brazilian supply constraints have propelled iron ore prices to decade-highs...
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