Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and ...
The president's decision comes after U.S. Steel CEO David Burritt warned that if the firm's acquisition by Nippon Steel fell ...
The Associated Press - Business News on MSN15d
US Steel workers see uncertainty after Biden blocks Nippon takeover
In a joint statement, Nippon and U.S. Steel called Biden’s decision “a clear violation of due process and the law'' and ...
President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.
Japan's Nippon Steel agreed to acquire the struggling U.S. Steel in a win-win deal that would bring much needed capital ...
the company would likely close steel mills in Pennsylvania's Monongahela Valley and Gary, Indiana, that had been slated to receive a multibillion-dollar upgrade with cash infused by Nippon ...
Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and Pennsylvania’s Mon Valley. It also vowed not to reduce production capacity ...