U.S. Steel and Nippon Sue Biden Over Blocked Merger
22 hours ago · U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis ...
Nippon Steel, US Steel file lawsuit after Biden ... - Associated Press News
22 hours ago · WASHINGTON (AP) — Nippon Steel and U.S. Steel filed a federal lawsuit Monday challenging a Biden administration decision to block Nippon’s proposed $15 billion acquisition of the Pittsburgh company and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.. In moving to block the transaction Friday, Biden said U.S. companies producing a ...
Nippon Steel stands firm on a US Steel takeover and denies risks …
9 hours ago · Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed $15 billion acquisition of U.S. Steel. ... accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day ...
Biden killed US Steel deal even though some US officials rejected …
14 hours ago · President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security ...
US Steel and Nippon Steel sue Biden administration over ... - ABC News
1 day ago · The suit claims Biden's actions were in part politically motivated. U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a merger ...
Steel news headlines metal industry press reports
1 day ago · China slowdown weighs on iron ore Iron ore is among the most vulnerable to Chinas slowdown risks, as the countrys property market constitutes the bulk of steel demand. China, the worlds biggest consumer of iron ore, has continued to act as a drag on demand this year.
U.S. Steel faces murky future after Biden blocks proposed ... - CBS News
3 days ago · U.S. Steel ranked 27th in the world based on output, and Nippon Steel ranks fourth, according to the World Steel Association. The Associated Press contributed to this report. More from CBS News
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon ...
3 days ago · Nippon Steel announced in December 2023 that it planned to buy the steel producer for $14.9 billion in cash and debt, and committed to keep the U.S. Steel name and Pittsburgh headquarters. Despite that, its proposal raised concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security.
Latest Steel News - SteelOrbis
SteelOrbis offers the latest independent steel news coverage compiled by its worldwide steel industry network. Approximately 25 fresh news articles on topics most prominently affecting the steel industry at large can be viewed on the steel news pages everyday in …
Steel news and interviews with top steel executives - SteelOrbis
SteelOrbis offers the latest independent steel news coverage compiled by its worldwide steel industry network. Approximately 25 fresh news articles on topics most prominently affecting the steel industry at large can be viewed on the steel news pages everyday in …