TOKYO--The chairman of Nippon Steel dismissed suggestions of strategic missteps in the company's $14.1 billion bid for U.S. Steel and said President Biden's decision to block the acquisition was the ...

U.S. Steel and Nippon Steel said Monday they are suing the U.S. government over President Joe Biden’s blocking last week of ...

President Biden blocked Nippon Steel's acquisition of U.S. Steel citing national security concerns, a rationale which has drawn criticism from the companies and other observers.