By Alan Rappeport Reporting from Washington President Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement on Friday based on grounds that the sale ...

WASHINGTON/TOKYO, Jan 3 (Reuters) - U.S. President Joe Biden blocked Nippon Steel's (5401.T), opens new tab proposed $14.9 billion purchase of U.S. Steel (X.N), opens new tab on Friday ...

Nippon Steel proposed giving the U.S. government a veto over any reduction in U.S. Steel’s “production capacity” in a last-ditch bid for President Joe Biden’s approval to acquire the ...

Six companies that make furniture, appliances, and construction material—including Ikea—have also signed up, as have five companies that buy steel and distribute it to many different ...

Mr. Biden’s initial halt left tons of construction materials, particularly steel bollards, piled in places along the border. The Biden administration says it is implementing a part of the fiscal ...

The Committee on Foreign Investment in the United States kicked a decision over the merger with Japan’s Nippon Steel to President Biden, who is expected to block the deal. By Alan Rappeport and ...

Copyright 2025 The Associated Press. All Rights Reserved. The United States Steel logo is pictured outside the headquarters building in downtown Pittsburgh, April 26 ...

But US Steel has said the deal is necessary to help shore up the company’s ailing business, which has been struggling to keep up with cheaper foreign steel – mostly from China – for decades.