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News Articles: U.S. Steel

U.S. Steel filed a lawsuit to defend its $15 billion sale to Nippon Steel of Japan. President Biden moved to block the sale on Friday, but the companies accuse Biden of playing politics and violating their due process rights.

U.S. Steel sues to salvage its sale to Japan's Nippon Steel

U.S. Steel and its would-be Japanese suitor filed twin lawsuits Monday to defend their $15 billion merger. President Biden issued an order on Friday to block the deal, citing national security concerns.

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By:
  • Scott Horsley
President Biden blocked the sale of U.S. Steel to Japan's Nippon Steel.

Biden blocks U.S. Steel's sale to Japan's Nippon, citing national security concerns

The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the sale.

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By:
  • NPR Washington Desk
President Biden talks with supporters during a campaign event in Saginaw, Mich., on March 14.

Biden opposes Nippon Steel takeover of U.S. Steel. It's an issue in some swing states

Former President Donald Trump has already said he would block the deal between U.S. Steel and its Japanese rival. Now President Biden is speaking out about it, too.

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By:
  • Ximena Bustillo