President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.
The Associated Press - Business News on MSN12d
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 ...
Analysts say the decision to nix the deal could harm US Steel’s prospects and put the jobs of workers at risk.
Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and ...