slashing its carbon footprint by a third. This technology would only be available to U.S. Steel if Nippon can proceed with the acquisition. The president's stated objection to the acquisition ...

The deal was not supported by the United Steelworkers (USW), the union representing American steel workers, which commended Biden’s decision as the “right move for our members and our national ...

Tabei, however, noted that uncertainty remains, as achieving medium- to long-term growth will likely be challenging without expanding operations in the U.S. With U.S. Steel, Nippon Steel aimed to ...

Nippon Steel President Tadashi Imai is weighing suing the U.S. government after a deal to buy U.S. Steel was blocked by President Joe Biden late last week, according to a report. Now that the ...

Gary Works, an integrated steel mill operated by US Steel in Gary, Indiana, seen on Dec. 12, 2024. REUTERS/Vincent Alban “It’s not closing, and Biden hasn’t spoken yet. He will.” ...

Investors were betting on a grim future for U.S. Steel after President Joe Biden used his legal authority to block the acquisition by Nippon Steel of Japan on Friday. U.S. Steel shares X fell 6% ...

TOKYO -- Nippon Steel's bid to acquire U.S. Steel succumbed to an unusual fate when President Joe Biden blocked the deal, marking the first time a U.S. president has issued an order to halt a ...

Biden's Decision to Block Nippon Steel Takeover Creates Uncertainty for U.S. Steel Workers WASHINGTON (AP) — By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said ...

PRESIDENT BIDEN, EXPLAINING HIS REASONING FOR BLOCKING THE $14.3 BILLION ACQUISITION OF U.S. STEEL BY JAPAN’S NIPPON STEEL, SAYING IT’S HIS RESPONSIBILITY TO ENSURE THAT, QUOTE, AMERICA HAS A ...

The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources saying the ...

President Joe Biden’s decision to block Nippon Steel’s bid to buy U.S. Steel could have significant implications for Pennsylvania and the steel industry. President-elect Donald Trump had ...

U.S. Steel, now valued at around $7 billion, is still in the process of modernizing operations. It is attempting to achieve net-zero carbon emissions by 2050 and it is developing a product called ...