Local steelworkers are holding out hope that the U.S. Steel sale with Nippon Steel goes through. This week Cleveland Cliffs CEO Lourence Goncalves offered to buy the Steel giant. The offer comes after President Joe Biden blocked a deal between U.S. Steel and Nippon Steel, a decision that’s since been challenged in a lawsuit.
President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.
US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US government Monday, claiming Biden’s executive order to bar the companies from combining was signed for “purely political reasons.
Separate lawsuits from Nippon Steel and U.S. Steel target President Joe Biden as well as a steelworkers union head and a rival steelmaker’s CEO.
The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life, now that the Biden Administration pushed back the deadline it imposed for the Japanese steelmaker to abandon its plan to acquire the storied Pittsburgh company.
President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.
President Biden’s announcement on Friday to block Nippon Steel’s acquisition of U.S. Steel is a political decision, not one rooted in law or facts. In his announcement, Biden provided no e
Nippon Steel, whose multibillion-dollar proposal to buy struggling ... The deal was not supported by the United Steelworkers (USW), the union representing American steel workers, which commended Biden’s decision as the “right move for our members ...
In separate lawsuits filed Monday the steelmakers allege that the decision to prevent Nippon Steel's purchase of U.S. Steel was a political decision that had no rational legal basis.
Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block Nippon's proposed $15-billion purchase of U.S. Steel.
It’s not too late for our judicial system to intervene and do what’s right for the American people and our allies.
New York (CNN) — US Steel and Nippon ... that Biden had “ignored the rule of law to gain favor with … (the United Steelworkers union) and support his political agenda.”