President Joe Biden blocked the $14.9 billion sale of U.S. Steel to Japanese-based Nippon Steel, citing concerns over ...

WHEN ASKED IF U.S. STEEL CAN REMAIN COMPETITIVE WITHOUT A SALE, MCCALL SAID THIS STEELWORKERS IN AMERICA ARE THE MOST PRODUCTIVE STEEL WORKERS IN THE WORLD, SO WE CAN COMPETE WITH ANYBODY.

Nippon Steel and U.S. Steel blasted President Joe Biden in a joint statement on Friday for blocking a deal between the two companies. AFP Nippon Steel and U.S. Steel hit back at President Joe ...

with Republican President-elect Donald Trump and incoming vice president JD Vance also campaigning against the sale. "This acquisition would place one of America's largest steel producers under ...

andrew caballero-reynolds/Agence France-Presse/Getty Images President Biden blocked the sale of U.S. Steel to Japan’s Nippon Steel, fulfilling his pledge to keep the storied steelmaker ...

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 ...

U.S. Steel had also said it hoped Biden would approve the transaction. Nippon Steel first announced in December 2023 that it planned to purchase U.S. Steel for roughly $15 billion.

Gerdau S/A Ord-1.53% R$35.88B ...

President-elect Donald Trump has also opposed the acquisition and vowed in December on his Truth Social platform to block the deal and to use tax incentives and tariffs to boost U.S. Steel’s fortunes.