1 day ago · U.S. Steel’s Gary Works plant is not the only plant that would benefit from the merger. Nippon Steel also promised to invest another $1 billion to modernize the Mon Valley Works plant outside ...

Jan 14, 2025 · The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday.

Apr 12, 2024 · US Steel shareholders Friday overwhelmingly approved a deal for the iconic American manufacturer to be purchased by Japan’s Nippon Steel. But the outlook for the controversial merger has never...

Jan 3, 2025 · WASHINGTON (AP) — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA’s most storied steel company.

Jan 21, 2025 · The United States government’s decision to block the $14.1 billion merger between U.S. Steel and Japanese-based Nippon Steel, citing national security concerns, has sent shockwaves through the construction sector.. Steel, a critical component in everything from skyscrapers to bridges, is already subject to rising costs and strained supply chains.

Jan 6, 2025 · U.S. Steel and Japanese steelmaker Nippon Steel sued the U.S. government Monday in a last-ditch effort to move forward with their merger, which President Biden blocked Friday over national...

Sep 18, 2024 · Nippon Steel is expected to re-file its application for a national security review by American regulators of its $15 billion takeover bid of US Steel, sources familiar with the matter told CNN...

Jan 6, 2025 · U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a merger between the two companies.

Dec 26, 2024 · Japan's Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden weighs whether to block a deal that has faced...

Aug 26, 2024 · When U.S. Steel put itself up for sale in 2023, executives at Nippon Steel in Tokyo saw an opportunity: Buying the American steel maker could help it offset anemic demand in its home country and...