Biden said he blocked the $14 billion takeover of U.S. Steel by Japan's Nippon Steel on the grounds the sale was a threat to national security. "It is my solemn responsibility as president to ...
Mr. Biden says he blocked the $14 billion takeover of U.S. Steel by Japan’s Nippon Steel on the grounds the sale was a threat to national security. A portion of U.S. Steel's Edgar Thomson plant at ...
There’s also the newest wrinkle in the escalating battle: Cleveland-Cliffs, an Ohio-based steel manufacturer, offered to buy U.S. Steel in July 2023 for less than half of what Nippon pledged.