The Long, Strange History of U.S. Steel

U.S. Steel’s Edgar Tomson plant in Braddock, PA. (AP Photo.)

Iconic U.S. Steel, whose roots date back to Andrew Carnegie and J.P. Morgan, is on track to be bought by Japan’s Nippon Steel.
In this modern era of AI hype, mind-blowing tech company valuations including unicorns hitting billion-dollar market caps before an IPO, it’s hard to believe that not so long ago the largest company in the world was a steelmaker. In the halcyon days of the American railroad industry in the…
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