Nippon Steel offered to give the U.S. government a veto over any reduction in U.S. Steel's production capacity in a proposal that marks a last-ditch effort to win President Joe Biden’s approval ...

The deal was announced in Dec. 18, 2023, following a four-month strategic alternatives review process. When Nippon Steel's winning $55-a-share cash bid for United States Steel Corp. was announced ...

WASHINGTON — 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 ...