Stockholders of U.S. Steel approve Nippon merger

Submitted U.S. Steel’s Clairton Works is shown in this file photo.

By Justin Vellucci

Trib Total Media

Environmental activist and entrepreneur Qiyam Ansari isn’t excited that U.S. Steel is making him money. He bought $300 worth of the Pittsburgh-based steel giant’s stock at about $15 a share in 2019. By the time U.S. Steel announced Friday that 98% of voting shareholders approved a $14.9 billion merger deal with Japan’s Nippon Steel, Ansari’s $300 stock investment had nearly tripled in value.

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