This has established a green industrial chain for the steel sector, actively contributing to its high-quality development. "The industry is currently grappling with lower demand, which underscores ...

TOKYO, Jan 6 (Reuters) - Japan's Nippon Steel (5401.T), opens new tab may need to look at a revamp of its growth strategy after U.S. President Joe Biden blocked its proposed $14.9 billion ...

Investors were betting on a grim future for U.S. Steel after President Joe Biden used his legal authority to block the acquisition by Nippon Steel of Japan on Friday. U.S. Steel shares X fell 6% ...

Copyright 2025 The Associated Press. All Rights Reserved. President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase ...

President Joe Biden bowed to growing protectionist pressures in the United States and formally blocked a Japanese company’s proposed purchase of U.S. Steel, winning praise from the president’s ...

this acquisition would place one of America’s largest steel producers under foreign control and create risk for our national security and our critical supply chains," Biden said. U.S. Steel and ...

President Biden blocked the sale of U.S. Steel X4.45%increase; green up pointing triangle to Japan’s Nippon Steel 5401-1.30%decrease; red down pointing triangle, fulfilling his pledge to keep ...

citing his presidential authority under the Defense Production Act of 1950 and calling the steel industry "critical for resilient supply chains." In a statement, Biden said U.S. Steel "will remain ...

"A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains. ... Without domestic steel production and ...

Advertisement "This acquisition would place one of America's largest steel producers under foreign control and create risk for our national security and our critical supply chain," Biden said in a ...

Update: President Biden announced Friday morning he is blocking the U.S. Steel-Nippon Steel deal "to ensure that, now and long into the future, America has a strong domestically owned and operated ...