Page 2 - Us Steel

Citing national security, US govt blocks Nippon Steel's bid to buy US Steel

The proposed tie-up has faced high-level opposition within the United States since it was announced a year ago, with both Biden and his incoming successor Donald Trump taking aim

Review of Nippon partnership ongoing as US Steel shares tumble, says US

statement comes after shares of US Steel tumbled more than 10 per cent on Tuesday afternoon following a Bloomberg report suggesting the deal would be killed in short order

Donald Trump reiterates opposition to Nippon Steel's takeover of US Steel

Japanese PM Shigeru Ishiba wrote to Biden, who has referred the deal to a government panel that reviews foreign investments for national security risks, asking him to approve the transaction

Trump promised to kill US steel deal to Nippon Steel; what will happen now?

The president-elect remains mum on the deal just as a top Nippon Steel executive readies a trip to Pittsburgh to persuade rank-and-file union members and politicians

What Trump's 2024 presidential election win means for Asian companies

The U.S. government has yet to approve Nippon Steel's $14.9 billion bid for U.S. Steel, a politically sensitive deal due to opposition from the U.S. firm's labour union

Nippon Steel to sell Calvert JV to ArcelorMittal if US Steel deal completed

authorities' review of the U.S. Steel deal, a senior company official said

US decision on Nippon bid for US Steel pushed back until after election

Robust CFIUS reviews take 90 days but it is common for companies to withdraw their filings and resubmit them to give them more time to address the panel's concerns

Nippon Steel's US setback a wake-up for Japan Inc's foreign investments

Some advisers said that the Nippon Steel deal was complicated by the US presidential election, with many Republican and Democratic lawmakers voicing opposition to it

President Biden close to blocking Nippon Steel's acquisition of US Steel

US Steel had earlier warned that a failure to conclude a deal with Japan-based Nippon would put thousands of US union jobs at risk

Aiming to expand in US, India, Nippon to dissolve JV with China's Baoshan

Nippon Steel has been looking to end cooperation with Baoshan, a subsidiary of state-owned China Baowu Steel Group, the world's largest steelmaker for about two years

US Steel sale to Japanese company warrants 'serious scrutiny': White House

President Joe Biden believes serious scrutiny is warranted for the planned acquisition of US Steel by Japan's Nippon Steel, the White House said Thursday after days of silence on a transaction that has drawn alarm from the steelworkers union. Lael Brainard, the director of the National Economic Council, indicated the deal would be reviewed by the secretive Committee on Foreign Investment in the United States, which she participates in and includes economic and national security agency representatives to investigate national security risks from foreign investments in American firms. She said in a statement that Biden believes the purchase of this iconic American-owned company by a foreign entity even one from a close ally appears to deserve serious scrutiny in terms of its potential impact on national security and supply chain reliability. This looks like the type of transaction that the interagency Committee on Foreign Investment Congress empowered and the Biden administration ...

ArcelorMittal eyes US Steel in bid worth over $7 billion, says report

The buy would reverse ArcelorMittal's retreat from US as a production base

Donald Trump says considering tariffs, quotas on US steel, aluminum imports

In April, the president began twin investigations into imports of steel and aluminum under the little used Section 232 of a 1962 trade law

US Steel Canada rejects latest offer from Essar consortium

It cited a failure by Essar, the Indian energy and resources conglomerate, to provide evidence of its financial ability to own and operate the company

Copycats

US Steel's China hacking gripe clever but risky

Copycats

US Steel's China hacking gripe clever but risky