Employees on the Iron Range wary of purchase of U.S. Steel by Japanese company

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Employees on the Iron Range wary of purchase of U.S. Steel by Japanese company

Reuters reports Nippon Steel, a Japanese company, has acquired U.S. Steel in a $14.9 billion deal. Duluth News Tribune reports people on the Iron Range employed by U.S. Steel are nervous in regards to the deal and whether it’s going to affect their jobs. “U.S. Steel also owns a 15% stake in Hibbing Taconite. Cleveland-Cliffs owns the remaining stake in Hibbing Taconite and manages the mine and plant.”

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