American industrial icon US Steel is on the verge of being absorbed as industry consolidates further

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United States Steel Corp. seems poised to be soon purchased by a competitor, with two bidders revealed in a matter of days and more in the wings.

File - United States Steel’s Edgar Thomson Plant in Braddock, Pa. is shown on Feb. 26, 2019. With two bidders revealed in a matter of days and more in the wings, United States Steel Corp. seems poised to be purchased by a competitor sooner than later. File - Banker, philanthropist and founder of U.S. Steel, J.P. Morgan, Sr., is shown in New York City in 1904. With two bidders revealed in a matter of days and more in the wings, United States Steel Corp.

The United States Steel logo is displayed on the company’s headquarters in on April 26, 2010 in Pittsburgh. With two bidders revealed in a matter of days and more in the wings, US Steel seems poised to be purchased by a competitor sooner than later. A worker arrives for a shift at the U.S. Steel Clairton Coke Works on May 2, 2019, in Clairton, Pa. With two bidders revealed in a matter of days and more in the wings, United States Steel Corp. seems poised to be purchased by a competitor sooner than later. File - United States Steel’s Edgar Thomson Plant in Braddock, Pa. is shown on Feb. 26, 2019. With two bidders revealed in a matter of days and more in the wings, United States Steel Corp.

 

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