A decision on whether to allow Nippon Steel’s proposed takeover of US Steel has fallen to United States President Joe Biden after a government panel failed to agree on possible national security ...

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.

WASHINGTON-Nippon Steel’s US$15 billion (S$20.3 billion) bid for US Steel has been referred to US President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a ...

WASHINGTON: Nippon Steel's US$15 billion bid for US Steel has been referred to US President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has ...

A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel ...

Jeff Swensen / Getty Images U.S. regulators failed to agree on whether to allow Nippon Steel's $14.9 billion purchase of U.S. Steel, passing the decision to President Biden. Both President Biden ...

Both Biden and President-elect Donald Trump have courted unionized workers at US Steel and vowed to block the acquisition amid concerns about foreign ownership of a flagship American company.

Nippon Steel (NPSCY) issued the following statement regarding the timely disclosure titled “Acquisition of United States Steel Corporation” dated as of December 18, 2023, “Nippon Steel ...

Copyright 2024 The Associated Press. All Rights Reserved. The United States Steel logo is pictured outside the headquarters building in downtown Pittsburgh, April 26 ...

Nippon Steel's $15 billion bid for US Steel has been referred to US President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has previously said he ...

Many backers said Nippon Steel has a stronger financial balance sheet than rival Cleveland-Cliffs to invest the necessary cash to upgrade aging U.S. Steel blast furnaces.Nippon Steel pledged to ...