Nippon Steel, whose multibillion-dollar proposal to ... He cited the need to protect national security and supply chains. “We are entitled to a proper review,” Imai told journalists outside ...

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 ...

President Biden stopped the $15 billion deal over national security and supply-chain concerns. U.S. Steel CEO David B. Burritt blasted the decision, calling Mr. Biden's action "shameful" and ...

President Biden stopped the $15 billion deal over national security and supply-chain concerns. U.S. Steel CEO David B. Burritt blasted the decision, calling Mr. Biden's action "shameful" and ...

President Biden announced Friday that he is blocking the $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel ... as well as supply chain resiliency. The U.S., he said, needs domestic ...

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 ...

this acquisition would place one of America’s largest steel producers under foreign control and create risk for our national security and our critical supply chains," Biden said. U.S. Steel and ...

citing his presidential authority under the Defense Production Act of 1950 and calling the steel industry "critical for resilient supply chains." In a statement, Biden said U.S. Steel "will remain ...

“A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains. “That is because steel powers our ...

"A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains. ... Without domestic steel production and ...

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% ...

Advertisement "This acquisition would place one of America's largest steel producers under foreign control and create risk for our national security and our critical supply chain," Biden said in a ...