The two steel makers are seeking to revive Nippon Steel’s $14 billion takeover of U.S. Steel after it was blocked by the ...
The company also promised that U.S. Steel would retain its Pittsburgh, Pa. headquarters and famous branding, while being overseen by American executives. Proponents of the Nippon Steel acquisition ...
President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.
FILE - A staff enters doorway next to Nippon Steel logo at the company's Kashima Plant in Kashima, Japan on Friday, Dec. 6, 2024. (AP Photo/Ayaka McGill, File) ...
Nippon Steel and U.S. Steel jointly condemned the decision, saying the move “reflects a clear violation of due process and the law” and was meant to support Biden’s political agenda.