Once the backbone of America’s economy, US Steel is now up for auction.
Established in 1901 in Pittsburgh and valued at over a billion dollars, it was instrumental in shaping the US as a global economic leader.
Its dominance even led to the inception of national antitrust laws. However, in recent times, the company has been overshadowed by other steel producers.
Despite its profitability, it’s now being auctioned with bids under $9 billion.