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.

The president's rejection of Nippon Steel's offer to buy U.S. Steel ignites another debate about the industry's role in ...

The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the ...

Local union leaders say their focus is now on a previously announced proposal by U.S. Steel to sell two idled blast furnaces ...

President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel — something he had first vowed ...

President Joe Biden has blocked the $14.1 billion sale of United States Steel Corp. to Nippon Steel Corp., killing a ...

President Joe Biden on Friday blocked Japanese steel giant Nippon's $14 billion acquisition of U.S. Steel. The companies have vowed to challenge the decision and continue pursuing the deal.

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

President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national ...

Even as the Biden administration has imposed sanctions on thousands of Russian companies and individuals, the White House has ...

Joe Biden said the deal would create "risk for our national security and our critical supply chains." President-elect Trump ...

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