Nippon Steel, whose multibillion-dollar proposal to ... He cited the need to protect national security and supply chains. “We are entitled to a proper review,” Imai told journalists outside ...

TOKYO, Jan 6 (Reuters) - Japan's Nippon Steel (5401.T), opens new tab may need to look at a revamp of its growth strategy after U.S. President Joe Biden blocked its proposed $14.9 billion ...

President Biden blocked the sale of U.S. Steel X0.86%increase; green up pointing triangle to Japan’s Nippon Steel 5401 0.06%increase; green up pointing triangle, fulfilling his pledge to keep ...

Experts say that will not change even after Biden’s rejection of Nippon Steel’s takeover attempt. By River Akira Davis Reporting from Tokyo As signs emerged that President Biden was gearing up ...

President Biden stopped the $15 billion deal over national security and supply-chain concerns. U.S. Steel CEO David B. Burritt blasted the decision, calling Mr. Biden's action "shameful" and ...

Copyright 2025 The Associated Press. All Rights Reserved. President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase ...

President Biden announced Friday that he is blocking the $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel ... as well as supply chain resiliency. The U.S., he said, needs domestic ...

President Joe Biden bowed to growing protectionist pressures in the United States and formally blocked a Japanese company’s proposed purchase of U.S. Steel, winning praise from the president’s ...

Copyright 2025 The Associated Press. All Rights Reserved. Industrialist and steel magnate Andrew Carnegie is seen in this undated photo. (AP Photo, File) This is a ...

this acquisition would place one of America’s largest steel producers under foreign control and create risk for our national security and our critical supply chains," Biden said. U.S. Steel and ...

Rise of US Steel Paralleled the Arrival of the United States on the World Stage President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel on Friday ...

citing his presidential authority under the Defense Production Act of 1950 and calling the steel industry "critical for resilient supply chains." In a statement, Biden said U.S. Steel "will remain ...