Nippon Steel and U.S. Steel stand ready to finalize the transaction and to secure a stronger future for American steel. David B. Burritt is the president and chief executive of U.S. Steel.

2-Year U.S. Treasury Note Continuous Contract $102.652 0.016 0.02% 5-Year U.S. Treasury Note Continuous Contract $106.094 0.031 0.03% 10-Year U.S. Treasury Note Continuous Contract $108.531 0.063 ...

President Biden in Washington, D.C., earlier this month. Photo: Kevin Dietsch/Getty Images ...

Gerdau S/A Ord-2.07% R$37.84B ...

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But US Steel has said the deal is necessary to help shore up the company’s ailing business, which has been struggling to keep up with cheaper foreign steel – mostly from China – for decades.

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A high-level government review board has told the White House it is unable to reach a consensus on the national security risks involved in Nippon Steel’s proposed acquisition of U.S. Steel ...

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Speaker Mike Johnson's proposal to temporarily fund federal operations and disaster relief until March 2024 passed the House of Representatives late on Friday with a 366-34-1 vote. While the bill ...