U.S. Steel, Its Merger Blocked, Faces Stark Alternatives
The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.
U.S. Steel, Nippon Steel sue Biden administration for blocking deal
The steel companies allege White House decision to block takeover was political and violated their right to due process.
Nippon and US Steel sue government over blocked deal
Nippon Steel and US Steel are suing the US government over blocking a takeover, claiming that President Joe Biden "ignored the rule of law to gain favor" with trade unions.
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security.
Yellen says CFIUS made thorough analysis of blocked US Steel-Nippon Steel merger
U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel's planned acquisition of U.S. Steel received a "thorough analysis" by an interagency review body that was sent to President Joe Biden,
U.S.-Japan ties strong despite blocked Nippon Steel deal: ambassador
U.S. Ambassador to Japan Rahm Emanuel on Thursday played down concerns over the potential repercussions from President Joe Biden's decision to block the $14.1 billion acquisition of United States Steel Corp.
US steel needs federal investment to stay competitive, expert says
If Tokyo-based Nippon Steel's proposed $14.1 billion purchase of U.S. Steel doesn't go through, the U.S. government should ...
U.S. Steel vs. Nippon: The $14 Billion Legal Showdown Shaking the Steel Industry
But this isn't just a corporate catfightit's about the future of U.S. manufacturing and global steel dominance. Hashimoto ...
Japanese steelmaker vows not to give up on buying U.S. Steel
Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S.
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Biden Was Right to Block the US Steel Takeover
Even if losing domestic sources of primary steel does not seem like a national security threat today, it might tomorrow.
‘An uncertain future’: Northwest Indiana, steel industry react as Biden blocks U.S. Steel deal
More than one year after a potential purchase of U.S. Steel was announced, President Joe Biden has officially blocked the ...
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What will it take for the American steel industry to go ‘fossil-free’?
Steel has traditionally been made with coal, which emits large amounts of carbon dioxide, and making it currently accounts ...
Steel Setback: Biden Risks Japan Ties, Investment
By blocking the acquisition of US Steel, President Joe Biden has irked Japan, one of Washington's closest allies whose firms are the biggest foreign investors in the United States.
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How China Impacts the Global Steel Industry
Because of the enormous size of the Chinese steel industry, any change in domestic production can have an outsized impact on the steel industries in other countries. Both President Trump and Biden ...
'Steel is all around us:' Despite uncertain future locally, U.S. Steel’s connection to this region and its people endures
President Joe Biden’s decision to thwart a Japanese firm from buying U.S. Steel doesn’t pen an obituary for the ...