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flag On Feb. 2, 2026, a new U.S. steelmaker CEO launched immediate cost cuts, including layoffs and efficiency moves, to boost profits amid industry struggles.

flag On February 2, 2026, a new CEO at a major U.S. steelmaker announced immediate cost-cutting measures on their first day in office, including workforce reductions and operational streamlining, as part of a broader effort to improve profitability amid ongoing industry challenges.

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