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US Steel, once a symbol of America’s economic might, is now for sale in the bargain bin
The days may be numbered for US Steel Corp., a one-time backbone of the nation’s economy. Once US Steel was the most valuable company in the world. Now, it’s the subject of a bidding war among rivals offering a fraction of what the company was once worth. US Steel’s possible end underscores the shift in the nation’s economy away from manufacturing, a change that continues to have deep economic and political implications today. Put simply, US Steel could be yet another iconic company for which time has run out. And the company’s possible fate serves as a cautionary tale to the current global titans about how ... (full story)