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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: 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 ...

Though U.S. Steel is the fifth largest steel producer in America, it is the 27th worldwide, while Nippon Steel is the fourth largest producer globally. Nippon Steel does operate some facilities in ...

In Q3 2024, organizations experienced an average of 1,876 cyberattacks, a 75% increase year over year. Every minute of every day, bad actors are poking and prodding networks until they find one ...

(Bloomberg) -- (Bloomberg) — For months, United States Steel Corp. argued that selling out to Japanese-owned Nippon Steel Corp. was the only way to survive. President Joe Biden thought different ...

In December 2023, Japan's Nippon Steel agreed to acquire the struggling U.S. Steel in a win-win deal that would bring much needed capital investment to help restore the ailing steelmaker's ...

President Biden's decision to block Nippon Steel's proposed acquisition of U.S. Steel for $14 billion was based on national security concerns – a rationale that has sparked pushback Biden ...