President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition.

U.S. Steel has claimed it could be forced to shut down the mills represented by the USW if it doesn’t get the $2.7 billion in investment planned by Nippon Steel as part of its proposed $14.3 ...

Jan. 1 (UPI) --Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U.S. Steel if the federal government approves a proposed ...

In the upcoming union budget, the Indian steel industry seeks continued infrastructure investment and import safeguards. With ...

TOKYO -- As Nippon Steel and U.S. Steel pursue legal action to realize their much-contested acquisition plan, they face a daunting battle in the courtroom, as well as a potential competing bid ...