Interesting Rose hill, you could be right with Not getting ready to be bought out. The nickle is just as important in making steel products as chromium;

Other materials are often added to the iron/carbon mixture to produce steel with desired properties. Nickel and manganese in steel add to its tensile strength and make austenite more chemically stable, chromium increases hardness and melting temperature, and vanadium also increases hardness while reducing the effects of metal fatigue. To prevent corrosion, at least 11% chromium is added to steel so that a hard oxide forms on the metal surface; this is known as stainless steel. Tungsten interferes with the formation of cementite, allowing martensite to form with slower quench rates, resulting in high speed steel. On the other hand, sulfur, nitrogen, and phosphorus make steel more brittle, so these commonly found elements must be removed from the ore during processing.[5]

Not can be bought out now the way it is, but probes rof holdings should be spun off first. There are other major,s besides Cliff,s , Xstrata, Arcelor Mattal, etc that could have an interest here although Cliffs would be the most obvious.With JJ gone, this adds to the speculation, whats going on.