NEW YORK -- Nippon Steel's pursuit of U.S. Steel is entering the final stages, underscoring how an American industry protected by tariffs fell behind in technological innovation and is now paying the consequences.
Business trends
Tariff-reliant US steel industry faces price of protectionism
Decades of deferred investment have led to technological stagnation
Nippon Steel has pledged to invest billions of dollars in U.S. Steel and bring in new production technology. (Source photos obtained by Nikkei)
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