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Nippon Steel and U.S. Steel have filed a lawsuit challenging the Biden administration's order to block the nearly $15 billion deal for the Japanese company to buy the American steelmaker.

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U.S. Steel had also said it hoped Biden would approve the transaction. Nippon Steel first announced in December 2023 that it planned to purchase U.S. Steel for roughly $15 billion.

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 ...

President-elect Donald Trump has also opposed the acquisition and vowed in December on his Truth Social platform to block the deal and to use tax incentives and tariffs to boost U.S. Steel’s fortunes.

WASHINGTON, Jan 3: US President Joe Biden issued an order on Friday prohibiting a $14.9 billion sale of America’s leading steel producer, US Steel Corporation, to Japan’s Nippon Steel Corporation (NSC ...