U.S. Steel’s president and CEO declared President Biden’s decision to block the company from being acquired by the Japanese corporation Nippon Steel “shameful” and “corrupt” in a Friday afternoon ...

The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American ...

S. Steel, our employees, our communities and our country." Industry experts said that without outside investment from Japan, the U.S-based steel manufacturer's path forward is murky. "With foreign ...

The companies, whose $55 a share cash deal to acquire U.S. Steel was first proposed Dec. 18, 2023, are working against a June ...

Second lawsuit filed in U.S. District Court for the Western District of Pennsylvania against Cleveland-Cliffs, Cliffs’ CEO Lourenco Goncalves, and USW President David McCall for their illegal and ...

even offering $5,000 in closing bonuses to U.S. Steel employees, a nearly $100 million expense. A number of conservatives and business groups like the U.S. Chamber had publicly backed the deal ...

an operating technician and vice president of the United Steelworkers union local at a U.S. Steel plant in the Mon Valley. “They committed to 10 years of no layoffs. We won’t have those commit ...

which the companies said would be the best way to keep U.S. Steel and USW-represented employees in Pittsburgh and the Mon Valley. But with President Joe Biden blocking the deal, the only option ...

President Joe Biden has formally blocked a proposed near-$15 billion acquisition of U.S. Steel by Nippon Steel of Japan due to "national security" concerns. The decision, announced on Jan. 3 ...

Nippon Steel had, in recent days, offered to allow any U.S. president to stop layoffs or cuts in production at U.S. Steel as part of its bid to get the deal approved. Biden criticized foreign ...

S. Steel, our employees, our communities and our country." Limited options Industry experts said that without outside investment from Japan, the U.S-based steel manufacturer's path forward is murky.