Why the bidding war for U.S. Steel is a worry for automakers

A takeover of U.S. Steel would be likely to have major ramifications for the auto industry, analysts said. (U.S. STEEL)

August 17, 2023 01:53 PM

A bidding war between steelmakers for American manufacturing icon U.S. Steel could have massive implications for the auto industry — especially if Cleveland-Cliffs wins out, analysts said.

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