Biden said a White House committee of national security and trade experts determined that Nippon Steel’s purchase of U.S. Steel would create risks for both the supply chain and national security.

An icon in the shape of a lightning bolt. Impact Link Shares in US Steel fell on Friday after President Joe Biden blocked a $14 billion takeover by Nippon Steel. In a statement, Biden said a ...

to Nippon Steel Corp. under the federal Defense Production Act—citing national security concerns and "credible evidence" that the Japan-based steelmaker "might take action that threatens to ...

Domestic steel production is essential to U.S. security, Biden said. President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon ...

In blocking the deal Friday, Biden pointed to what he said was “credible evidence” that Nippon Steel’s $14.1 billion bid would “create risk for our national security and our critical ...

If anything, Nippon's acquisition of U.S. Steel, and its multi-billion-dollar investments in the company, will bolster national security by increasing domestic steel production, argues Veronique ...

proposed $14.9 billion acquisition of US Steel (X), citing various national security concerns and risks. George Mason University Founder and Executive Director of the National Security Institute ...

On Jan. 3, President Joe Biden quashed the deal, citing national security concerns. "This acquisition would place one of America's largest steel producers under foreign control and create risk for ...

US Steel Corporation workers rally outside the company's headquarters in Pittsburgh, Pennsylvania, supporting the takeover by Japan's Nippon Steel, on September 4, 2024. United States Steel warned ...

Gerdau S/A Ord 0.37% R$34.79B ...