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Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government.
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 ...
WASHINGTON — Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for US Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the ...
Copyright 2025 The Associated Press. All Rights Reserved. A hot rolling mill at Nippon Steel’s Kashima Plant in Kashima, Japan on Friday, Dec. 6, 2024. (AP Photo ...
President Joe Biden on Friday (January 3) blocked Japan’s Nippon Steel from acquiring US Steel in a $14.3 billion deal, citing national security concerns and marking a significant intervention in a ...
U.S. President Joe Biden officially blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially fatal blow to the ...
For months, United States Steel argued that selling out to Japanese-owned Nippon Steel was the only way to survive. President Joe Biden thought different, concluding that even a takeover by a ...
Government officials in Japan are reacting after US President Joe Biden blocked Nippon Steel's bid to buy US Steel. Economy, Trade and Industry Minister Muto Yoji described the decision as ...
Journal Editorial Report: Nippon Steel would have helped U.S. workers Photo: Brendan Smialowski/Agence France-Presse/Getty Images President Biden’s order on Friday blocking Nippon Steel’s ...