Nippon Steel Corp. will buy United States Steel Corp. for about $14.1 billion, the two companies said Monday, in an all-cash deal that will create the world's third-largest steel maker by volume.Nippon Steel will make the major U.S. steelmaker a wholly owned subsidiary as it seeks to tap increasing demand for high-grade steel products in the world's largest economy.The deal is expected to be closed in the second or third quarter of 2024, subject to approval by the U.S. firm's shareholders and U.S. regulators, they said.According to the World Steel Association, Nippon Steel was the world's f…READ FULL ARTICLE
