Core Viewpoint - The article discusses a recent explosion at the U.S. Steel plant in Pennsylvania, highlighting the incident's impact on the company and its recent acquisition by Nippon Steel [2][11]. Group 1: Incident Details - An explosion occurred at the U.S. Steel plant in Clayton, Pennsylvania, on August 11, resulting in two fatalities and dozens of injuries [2][5][8]. - The Clayton plant is the largest coking facility in North America, employing thousands of workers [2][8]. - Emergency services were deployed, and the incident was classified as a "mass casualty event" [7][8]. Group 2: Company Background and Acquisition - Nippon Steel recently completed its acquisition of U.S. Steel, with the deal valued at approximately $14.189 billion, translating to a steel acquisition price of about $616.9 per ton [11][12]. - U.S. Steel has a crude steel production capacity of 23 million tons per year, contributing to Nippon Steel's global capacity of 86 million tons [11]. - The acquisition process involved multiple approvals, including from the U.S. government, which will hold a "Golden Share" to protect domestic production and employment [11][12]. Group 3: Financial and Operational Insights - Prior to delisting, U.S. Steel had a market capitalization of $12.417 billion (approximately 89.2 billion RMB) [2][12]. - The company operates eight blast furnaces in the U.S. and has significant iron ore resources, with an annual production capacity of 23 million tons [12]. - The U.S. market is the largest for steel demand among developed countries, with direct demand projected at 89 million tons for the fiscal year 2024 [12].