On Friday, President Joe Biden officially blocked Nippon Steel of Japan from purchasing the United States Steel Corp. over national security concerns. The decision will invite legal challenges and ...

Biden issued an order blocking Nippon Steel Corp.'s proposed $14.9 billion purchase of Pittsburgh-based U.S. Steel, citing his presidential authority under the Defense Production Act of 1950 and ...

TOKYO (Reuters) - Japan's Nippon Steel may need to look at a revamp of its growth strategy after U.S. President Joe Biden blocked its proposed $14.9 billion acquisition of U.S. Steel, but its ...

President Biden blocked the sale of U.S. Steel X4.45%increase; green up pointing triangle to Japan’s Nippon Steel 5401-1.30%decrease; red down pointing triangle, fulfilling his pledge to keep ...

U.S. Steel has claimed it could be forced to shut down the mills represented by the USW if it doesn’t get the $2.7 billion in investment planned by Nippon Steel as part of its proposed $14.3 ...