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

In the final days of his administration, Biden blocking a $14.3 billion acquisition of US steel by Japan's Nippon Steel.

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.

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Biden said in an order that he believes there is credible evidence that through the proposed acquisition of the United States Steel Corporation, Nippon Steel Corporation might take action that could ...

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