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U.S. Steel has officially dropped its lawsuits against Cleveland-Cliffs Inc. and the United Steelworkers (USW) union, signaling a de-escalation in tensions surrounding its acquisition by Japan’s Nippon Steel Corp. The legal disputes had centered on allegations of interference and breach of contractual obligations amid the contested $14.1 billion takeover.
In a related development, U.S. Steel’s subsidiary under Nippon Steel reportedly plans to cease processing steel slabs at its Granite City Works facility in Illinois. The move marks a significant operational shift for the site, which has faced ongoing scrutiny over its future viability and workforce impact.
While the company has not publicly detailed its rationale, the decisions reflect broader strategic realignments as Nippon Steel seeks to finalize its acquisition and navigate regulatory and labor concerns in the U.S. steel industry.
