U.S. Steel has warned that without an infusion of capital from Nippon Steel, it will be forced to curtail its legacy blast furnace investments and shift to cheaper nonunion electric arc furnaces.

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company ...

The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.

Community leaders in the Mon Valley are expressing concern over the future of local steel manufacturing and the broader ...

Japan’s outbound M&A volume grew by 36% to nearly $45 billion last year. By September 2024, outbound M&A from Japan to the ...

President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon ...

President Joe Biden has blocked the $14.1 billion sale of United States Steel Corp. to Nippon Steel Corp., killing a high-profile deal that sparked a political firestorm and tensions between the US ...

President Joe Biden has officially blocked the $14.9 billion takeover of U.S. Steel by Japan's Nippon Steel. Biden said the ...

President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to ...

With the decision by President Biden to block the sale, Pittsburgh-area elected officials made their thoughts known.

alloy steel market is estimated to be valued at USD 142.51 Bn in 2024 and is expected to reach USD 182.33 Bn by 2031, exhibiting a CAGR of 3.6% from 2024 -2031 Mr. Shah Coherent Market Insights Pvt.