Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government.

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 ...

The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources saying the ...

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 ...

It supplies the world's top automakers, including Toyota Motor Corp., and makes steel for railways, pipes, appliances and skyscrapers. In September, Mr. Biden issued an executive order expanding ...

WASHINGTON − President Joe Biden on Friday blocked the sale of U.S. Steel to a Japanese buyer in an extraordinary use of presidential power he said protects an American industry vital to ...

President Biden announced Friday he would block the sale of U.S. Steel to Japanese-owned Nippon Steel following a yearlong review of the potential acquisition. “We need major U.S. companies ...

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into ...

Investors were betting on a grim future for U.S. Steel after President Joe Biden used his legal authority to block the acquisition by Nippon Steel of Japan on Friday. U.S. Steel shares X fell 6% ...

President Joe Biden has made good on his months of public opposition to the proposed purchase of American company U.S. Steel by Japan’s Nippon Steel, announcing Friday he is blocking the $14.9 ...

WASHINGTON/TOKYO -- U.S. President Joe Biden on Friday blocked Nippon Steel's $14.9 billion bid for U.S. Steel, marking the first time that a president has issued an order to halt a Japanese ...

Nippon Steel’s $14 billion takeover bid for the steelmaker appears doomed, with President Biden expected to reject it. Litigation and diplomatic turmoil could follow. By Andrew Ross Sorkin Ravi ...