Indian firm Tata Steel announced Friday it will close both blast furnaces at its plant in Port Talbot, Wales, eliminating 2,800 jobs, as part of plans to make its unprofitable U.K. operation leaner and greener. Source link
The White House said Thursday that the sale of U.S. Steel to a Japanese firm “appears to deserve serious scrutiny” as political pressure mounts to scuttle the deal. Nippon Steel Corp. said it will purchase U.S. Steel for $14.1 billion, an announcement Monday that is raising national security concerns among both parties in Congress. Approval […]
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