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 on Friday blocked Japanese steel giant Nippon's $14 billion acquisition of U.S. Steel. The companies have vowed to challenge the decision and continue pursuing the deal.

Automakers' lobbying groups indicated support for the acquisition under the belief it would've increased supply and offered ...

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

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 ...

By David Shepardson, Tim Kelly and Katya Golubkova WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden officially blocked ...

One thing that should be simple is reversing President Joe Biden’s absurd policy on the proposed acquisition of U.S. Steel by Nippon Steel and allowing that marriage of companies to proceed.