US Steel seesaws on report Biden administration split over Nippon Steel deal
US Steel (NYSE:X) shares seesawed after a report that the Biden administration is split over a decision on the steelmaker's planned $14 billion sale to Nippon Steel (OTCPK:NPSCY), though Joe Biden still plans to block it.
Biden to kill Nippon Steel’s $15B takeover of US Steel on national security grounds: report
The Committee on Foreign Investment in the United States panel reviewing the deal must refer its decision on the merger to Biden by Dec. 22 or 23, Bloomberg reported.
President Biden Plans To Block Nippon Steel Takeover of US Steel, Report Says
U.S. President Joe Biden reportedly plans to formally block the $14 billion sale of U.S. Steel to Japan's Nippon Steel on national security grounds.
President Biden reportedly set to block sale of Pittsburgh's U.S. Steel to Japan-based Nippon Steel
President Joe Biden is reportedly preparing to block the sale of U.S. Steel to Nippon Steel. As of Wednesday morning, a U.S. National Security Panel is reviewing the proposed $15 billion deal and the panel has to refer its decision on the merger to President Biden by Dec.
FirstFT: Biden administration split over Nippon Steel’s US Steel takeover bid
Also in today’s newsletter, US to unveil new tariffs on Chinese cleantech imports, and North Korea slams South’s Yoon over failed martial law gambit
US says review of Nippon-US Steel deal ongoing as US Steel shares tumble
A national security review of Nippon Steel's $15 billion bid for U.S. Steel is ongoing and President Joe Biden will see what it yields before making a decision on whether to block the deal, the White House said on Tuesday,
Impasse deepens over U.S. Steel takeover as government review nears end
Face-to-face talks between Nippon Steel and the United Steelworkers union failed to close the gap over the Japanese company’s ...
India announces formula for classifying green steel
India's steel ministry on Thursday announced a formula for defining 'green steel,' classifying it under three categories ...
Unfounded ‘China threat’ narrative hinders steel industry development
It's somewhat ironic that Nippon Steel, while criticizing the "inappropriate" influence of politics on its proposed takeover ...
Union chief predicts US Steel's long-term decline if Japanese take over
US Steel is headed for long-term decline if Nippon Steel takes over the iconic U.S. company, United Steelworkers head David ...
Explainer: What next for Nippon Steel and US Steel's $15 bln mega-merger?
A U.S. government panel is set to submit its recommendations this month on whether a Japanese takeover of U.S. Steel would ...
Nippon Steel Makes Final Push to Win Over US Workers
Nippon Steel Corp. clarified its spending plans at US mills owned by United States Steel Corp. as part of last-ditch efforts ...
SSAB: Difficult To Forecast The Future In Steel, But Appealing Below 50 SEK
SSAB AB (SSAAF) faces significant volatility and negative growth, with EPS expected to drop through 2025. See why I maintain ...
India considers 'safeguard' duty on steel, minister says
India is weighing imposition of a "safeguard duty", or a temporary tax, on steel, the steel minister, H.D. Kumaraswamy, said ...
The Fabricator1d
A better idea than tariffs to help the steel industry
A better idea would be for the federal government to use price supports for steel, like it does for farmers. When the price ...