President-elect Donald Trump has also opposed the acquisition and vowed in December to block the deal and to use tax incentives and tariffs to boost U.S. Steel’s fortunes. On Friday, Steelworkers ...
Mr. Biden says he blocked the $14 billion takeover of U.S. Steel by Japan’s Nippon Steel on the grounds the sale was a threat to national security. A portion of U.S. Steel's Edgar Thomson plant at ...
Copyright 2025 The Associated Press. All Rights Reserved. A hot rolling mill at Nippon Steel’s Kashima Plant in Kashima, Japan on Friday, Dec. 6, 2024. (AP Photo ...
The move nevertheless enjoyed rare bipartisan agreement, with Republican US president-elect Donald Trump and incoming vice president J.D. Vance also campaigning against the sale. “This acquisition ...
with Republican President-elect Donald Trump and incoming vice president JD Vance also campaigning against the sale. "This acquisition would place one of America's largest steel producers under ...
Nippon Steel Corp. is set to file a lawsuit in response to US President Joe Biden’s decision to block its US$14.1 billion takeover of United States Steel Corp., sources close to the matter said ...
WHEN ASKED IF U.S. STEEL CAN REMAIN COMPETITIVE WITHOUT A SALE, MCCALL SAID THIS STEELWORKERS IN AMERICA ARE THE MOST PRODUCTIVE STEEL WORKERS IN THE WORLD, SO WE CAN COMPETE WITH ANYBODY.
The steelworkers’ union in Granite City praised President Joe Biden’s decision on Friday to block U.S. Steel’s sale to Japanese-based Nippon, but its leadership remains unclear on what’s ...