On Jan. 3, President Joe Biden quashed the deal, citing national security concerns. "This acquisition would place one of America's largest steel producers under foreign control and create risk for ...

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which commended Biden’s decision as the “right move for our members and our national security.” The USW said US Steel’s recent financial performance showed it could “easily remain a ...

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Shares in Nippon Steel fell only slightly on Monday in their first trading since Biden on Friday rejected the deal after a year-long review, citing national security concerns. Biden's opposition ...

President Joe Biden controversially blocked the nearly $15 billion proposed acquisition of Pittsburgh-based US Steel by Japan ... was made due to national security concerns," added the government ...

"A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains," Biden said in a statement. "Without domestic ...

or delay an approval until Nippon Steel could allay concerns that its ownership would harm the American manufacturing supply chain. During closed-door discussions, national security adviser Jake ...

For months, United States Steel argued that selling out to Japanese-owned Nippon Steel was the only way to survive. President Joe Biden thought different, concluding that even a takeover by a ...

That would have allowed Nippon Steel to advance more proposals to minimize potential national security risks, effectively pushing the matter to the next administration, according to three officials.

Mr. Biden on Friday stopped the merger from going forward, arguing that foreign control of U.S. Steel would jeopardize America’s national security. Nippon Steel and U.S. Steel assailed Mr. Biden ...