Nippon Steel and U.S. Steel issued a joint statement Saturday, reacting to President Joe Biden’s decision to block a nearly $15 billion proposed transaction.
President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U ...
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U.S. Steel leaders had warned that without an infusion of capital from Nippon Steel, it would be forced to curtail its legacy ...
"U.S. Steel will remain a proud American company — one that's American-owned, American-operated, by American union steelworkers — the best in the world," President Biden said in a statement.
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, ...
The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of ...