Nippon will drop bid for U.S. Steel, leaving Granite City mill in continued limbo

Now that a Japanese company has dropped its plan to buy U.S. Steel, Granite City Works in the Metro East remains in limbo.

President Donald Trump said Friday that Japanese-based Nippon wouldn’t continue its bid to buy U.S. Steel and will instead invest in the American steel giant, the Associated Press reported.

Earlier this year, then-President Joe Biden blocked the deal and Trump also remained opposed to it. Leaders of both major political parties objected to the nearly $15 billion deal on national security grounds…

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