FREE MACHINING STEEL MARKET ANALYSIS

Free Machining Steel Market, By Type (Sulfur Free Cutting Steel, Lead Free Cutting Steel, Calcium free Cutting Steel, and Others), By Application (Automotive, Aerospace, Industrial Machinery, Construction, and Others), By Distribution Channel (Direct Sales (Manufacturer to End User), Distributors & Dealers, and Online Platforms (E-commerce)), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In December 2023, Nippon Steel Corporation announced plans to acquire United States Steel Corporation for US$ 14.1 billion, aiming to expand its global footprint. The agreement included maintaining the latter's headquarters in Pittsburgh and honoring existing union contracts. However, the proposed merger faced opposition from U.S. political figures and labor unions due to national security concerns. As of December 2024, Nippon Steel remains committed to finalizing the deal, with intentions to close by the end of the year.