Diamond jewellery demand in India may slow after as prices surge

United States Steel Corp. faces the prospect of being broken apart and sold in parts if Nippon Steel Corp.’s $14.1 billion takeover fails.

The departures came after global prices of the key steel-making ingredient tumbled almost 40%.

Nippon also disclosed it had hired former US House majority leader Dick Gephardt to assist in its efforts.

An additional 928,000 tons a year of capacity is set to come online within the next three years.