The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, ...

President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a ...

A strong domestically owned and operated steel industry represents an essential national security priority and is critical ...

In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that’s American-owned ...

Nippon Steel sent a new proposal in its bid to buy U.S. Steel, including giving the U.S. government a veto over any reduction ...

Biden’s decision comes after the Committee on Foreign Investment in the United States, known as CFIUS, failed to reach a ...

Biden previously expressed opposition to the deal and said that U.S. Steel should remain an American-owned and ...

The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach ...

After more than a year, after promises of big investments, threats of closing plants and criticisms about the cost of potentially turning over of the most iconic American steel companies to foreign ...

The decision was left with Biden after a U.S. government panel failed to reach a consensus in late December on whether U.S.