US senator urges Biden to review alleged Nippon Steel ties to China

The head of the U.S. Senate Banking Committee on Tuesday urged the White House to scrutinize the relationship between Nippon Steel and the Chinese steel industry, citing national security concerns ... Read More

US will maintain control of key US Steel decisions even with Nippon ...

The US government will have veto power over key decisions relating to US Steel, as part of a deal with Nippon Steel that would approve the Japanese firm’s bid for the well-known American steel ... Read More

BREAKING — US President Biden has blocked the sale of US Steel to ...

Outgoing US President Joe Biden has blocked a controversial $14.9 billion (roughly €14.4 billion) deal which would have seen the beleaguered US Steel company sold to Japan's Nippon Steel, citing ... Read More

US government will have veto power over US Steel decisions as part of ...

Sen. Dave McCormick (R-Pa.) said Tuesday the U.S. government will have a golden share in Nippon Steel’s acquisition of U.S. Steel, giving it power over some of the decisionmaking. “It’s a nat… ... Read More

US Steel and Nippon Steel sue Biden administration over ... - ABC News

According to U.S. Steel and Nippon Steel, Biden first announced plans to block the merger in March 2024, before CFIUS began its review of the national security implications of the deal. Read More

Nippon Steel finalizes $15B takeover of US Steel after sealing national security agreement

HARRISBURG, Pa. (AP) — Nippon Steel and U.S. Steel said Wednesday they have finalized their “historic partnership,” a deal that gives the U.S. government a say in some matters and comes a ... Read More

Biden blocks US Steel takeover by Japan-based Nippon

Domestic steel production is essential to U.S. security, Biden said. President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon ... Read More

Biden killed US Steel deal even though some US officials rejected ...

President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security ... Read More

Nippon’s U.S. Steel Acquisition Plan Referred to Biden for Review

Nippon Steel’s5401 1.96 % increase; green up pointing triangle plan to acquire U.S. Steel has been referred to President Biden after a government panel reviewing the plan failed to reach a ... Read More

Nippon and US Steel allege 'political interference' after Biden block

U.S. Steel and Nippon Steel of Japan filed a lawsuit Monday against the U.S. government over President Biden’s decision to block their $14.3 merger. The two companies alleged Biden’s actions ... Read More

Trump orders review of U.S. Steel sale to Nippon Steel

April 7 (UPI) --President Donald Trump on Monday ordered a review of a proposed purchase of U.S. Steel by Nippon Steel.In an executive order, Trump directed the Committee on Foreign Investment in ... Read More