U.S. Steel and its would-be Japanese suitor Nippon Steel have gone to court to defend their $15 billion merger, after President Biden on Friday moved to block the deal, citing national security ...

US Steel has claimed it could be forced to shut down the mills represented by the USW if it doesn’t get the $2.7 billion in investment planned by Nippon Steel as part of its proposed purchase.

Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government.

US Steel and Nippon Steel have threatened legal action after President Joe Biden blocked a controversial $14.9 billion deal on Friday for the Japanese company to buy its American rival.

In making its nearly US$15 billion bid for the storied Pittsburgh-based steelmaker, Nippon Steel had promised to invest US$2.7 billion in US Steel’s ageing blast furnace operations in Gary ...

United States Steel Corp. CEO David Burritt had strong words for President Joe Biden's decision to block the $14.9 billion acquisition by Nippon Steel, saying the company planned to fight the ...

Washington: President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based US Steel — affirming his earlier vow on the presidential ...

US President Joe Biden on Friday said he is blocking the $14.3 billion acquisition of US Steel (X) by Japan's Nippon Steel, claiming that foreign ownership over one of America's largest steel ...

President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition.

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 ...

President Biden announced Friday he would block the sale of U.S. Steel to Japanese-owned Nippon Steel following a yearlong review of the potential acquisition. “We need major U.S. companies ...

Japan’s Nippon Steel had proposed $14.9 billion for US Steel. Getty Share WASHINGTON — President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to ...