The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.

By Zachary Stieber Contributing Writer President Joe Biden on Friday announced that he is blocking the proposed takeover of U ...

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.

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

Both side of the proposed U.S. Steel sale to Japanese company Nippon are reacting after President Joe Biden officially ...

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 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 ...

WASHINGTON (Reuters) -Nippon Steel alleges the White House had "impermissible undue influence" over a national security review of its $14.9 billion bid for U.S. Steel and threatened legal action ...

WASHINGTON, Dec 20 (Reuters) - Nippon Steel (5401.T), opens new tab alleges the White House had "impermissible undue influence" over a national security review of its $14.9 billion bid for U.S ...

Australia's Champion Iron said on Thursday Japanese steelmaker Nippon Steel and trading house Sojitz will buy a 49 per cent stake in the company's Kami project in Canada for C$245 million ($170.41 ...