United States Steel on Tuesday detailed its billion-dollar multiyear growth plan with new owner Nippon Steel that includes modernizing the century-old steelmaker.
The announcement comes just five months after Nippon Steel finalized a “ historic partnership ” with the Pittsburgh steelmaker in a deal worth nearly $15 billion. That deal included a “golden share” provision that gave the federal government the power to appoint a board member and a say in some company decisions.
