Nippon Steel President Tadashi Imai is weighing suing the U.S. government after a deal to buy U.S. Steel was blocked by President Joe Biden late last week, according to a report. Now that the ...

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 ...

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% ...

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 ...