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US Steel, Nippon sue Biden over move to block $14B deal
China exports push Nippon Steel to seek growth in US, India after blocked deal
Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel was blocked by the White House, analysts say.
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
The suit, filed in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
US Steel, Nippon Steel Sue US Government Over Blocked $14.1B Deal
U.S. Steel and Nippon Steel said Monday they are suing the U.S. government over President Joe Biden’s blocking last week of the $14.1 billion sale of the iconic American company to the Japanese firm on national security grounds.
16m
Nippon Steel offered the best hope for U.S. Steel’s traditional mills, fed by Minnesota’s ore
President Joe Biden last week capitulated to uneconomic thinking by blocking Nippon Steel’s purchase of U.S. Steel. That decision will ultimately harm Minnesota’s Iron Range.
2d
on MSN
Nippon Steel may sue US government over Biden’s decision to block US Steel acquisition
Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, ...
18h
Despite Nippon Steel, US and Japan say ties stronger than ever
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
1d
Nippon Steel’s Thwarted Bid Sets Up Tougher Rivalry With Chinese Mills
Nippon Steel Corp.’s thwarted bid to expand in the US could mean tougher competition for Chinese mills in an already ...
1d
Nippon, US Steel file suit after Biden administration blocks $15 billion deal
WASHINGTON (AP) — Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to ...
19h
on MSN
Nippon Steel and US Steel rival denies bombshell lawsuit claims: 'We are armored through the teeth'
The CEO of Cleveland-Cliffs – a Nippon and U.S. Steel competitor – argues suing his company and the Biden administration is ...
1d
US rejection of Nippon Steel's bid for US Steel rankles Washington's key ally in Asia
President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel isn’t the first time friction over trade ...
17h
U.S. Steel vs. Nippon: The $14 Billion Legal Showdown Shaking the Steel Industry
But this isn't just a corporate catfightit's about the future of U.S. manufacturing and global steel dominance. Hashimoto ...
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