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US Steel is in the middle of a bidding war. Esmark, a privately held company, made an offer to buy the company for 7.8 Billion dollars. The offer comes after 7.3 billion dollar bid from Cleveland-Cliffs was rejected.

Earlier, US Steel said it was considering strategic options and had already received multiple unsolicited bids that ranged from the possible acquisition of the whole company to specific assets.

(Picture: Steel Rolls in Steel Mill. Picture credit: Getty Images)