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Nippon Steel transactionABC News
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75% Informative
Nippon Steel had promised to invest $2.7 billion in U.S. Steel's blast furnace operations in Gary , Indiana , and Pennsylvania 's Mon Valley .
Biden : "A strong domestically owned and operated steel industry represents an essential national security priority" The decision reflects a growing bipartisan shift away from free trade and open investment.
On its own, U.S. Steel seems poised to focus on newer electric arc furnaces, an analyst says.
No steelmaker has built a blast furnace in North America for decades .
In 2023 , arch-rival Cleveland -Cliffs offered to buy U.U.S Steel for $7 billion .
VR Score
78
Informative language
77
Neutral language
38
Article tone
formal
Language
English
Language complexity
47
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
1
Affiliate links
no affiliate links