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

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

“Our employees and communities deserve better ... domestically but could scare away foreign investment in other US companies. It could also starve US Steel of investment it says it needs. Late last ...

The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of "political corruption." ...

U.S. Steel has laid off about 30,000 employees in Gary alone since the 1970s. Since Gary was dependent on not only a single industry, but also a single company within that industry, the city's ...

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 ...

Japan's Nippon Steel agreed to acquire the struggling U.S. Steel in a win-win deal that would bring much needed capital investment to help restore the ailing steelmaker's competitiveness and preserve ...

President Joe Biden on Friday blocked Nippon Steel’s proposed $14.9 billion acquisition of United States Steel Corp., ending a yearslong campaign and setting up potential legal action by the ...

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 ...

U.S. Steel’s share price rocketed almost 14 percent ... Coupled with Nippon Steel’s promise to rule out layoffs or closures of any unionized facilities for the duration of the current union ...

Groups of U.S. Steel employees have also backed the transaction. “Our employees and communities deserve better. We needed a President who knows how to get the best deal for America and work hard ...

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 ...