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    January 27, 2025

    Investment firm seeks to oust U.S. Steel leadership

    Written by Stephanie Ritenbaugh

    Activist investment firm Ancora Holdings Group wants to replace leadership at U.S. Steel and halt the Pittsburgh steelmaker’s $15-billion sale to Japan’s Nippon Steel.

    Ancora Holdings submitted an open letter to U.S. Steel Monday morning in which the Cleveland-based investment firm criticized the company for its “choice to double down on its extremely poor decision to pursue a sale to Nippon.”

    Stephanie Ritenbaugh

    Stephanie Ritenbaugh is a reporter for Steel Market Update. She is an experienced business journalist, holding a variety of positions for trade publications and newspapers, including covering shale development for Gas Business Briefing/Platts and for the Pittsburgh Post-Gazette. She can be reached at stephanie.ritenbaugh@crugroup.com or +1 724-759-7868

    Read more from Stephanie Ritenbaugh

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