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TOKYO (AP) — Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top ...

Fitch Group’s CreditSights categorized the opposition to the deal as primarily political, while noting U.S. Steel can remain “a stand-alone company,” benefiting from a recent rise in steel ...

Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move ...

IN CAMPAIGN TRIPS LIKE THIS ONE TO PITTSBURGH LAST APRIL, NIPPON AND U.S. STEEL SAY PRESIDENT BIDEN SPOKE OUT AGAINST THE MERGER LONG BEFORE A SECURITY REVIEW TOOK PLACE. THE LAWSUIT, FILED IN D.C ...

They also argue Nippon Steel and U.S. Steel coming together makes for a viable force in an industry now dominated by the Chinese, creating jobs and economic impact of up to $1 billion.