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 ...

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

President Joe Biden officially announced on Friday he has blocked Nippon Steel's $14.1 billion purchase of U.S. Steel, ...

President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U ...

Shares of U.S. Steel are sinking in premarket trading Friday as President Joe Biden blocked the $14.1 billion sale of the ...

Nippon Steel's ( OTCPK:NPSCY) ( OTCPK:NISTF) latest offer to win the Biden administration's approval of its proposed ...

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

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

The president's decision came after the Japanese corporation had offered to acquire the company for $14.9 billion.

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.