The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American powerhouse.

The U.S. steelmaker said a federal interagency panel had granted an extension to June 18 for the requirement in President Biden’s executive order that the parties permanently abandon the transaction.

Another Joe from Delaware—the one finishing up his final days in the White House—apparently sees himself in the same light, having stepped in to nix a $15 billion deal between U.S. Steel and Japan’s Nippon Steel.

Foreign investment in the U.S. economy is expected to continue, despite the failed bid by Japan’s Nippon to buy U.S. Steel, because the U.S. offers the most economic opportunities.

My sole focus has been on protecting the jobs that exist today and, most importantly, having a clear path on investment so that we have jobs tomorrow and the next day and the next year and stretching out decades,

U.S. Steel and Nippon Steel allege in a lawsuit the administration blocked their $14.9 billion deal over political calculations, calling it an unprecedented action that "served the president's personal political agenda.

effectively killing a high-profile deal that sparked a political firestorm and tensions between the United States and Japan. The Japanese steelmaker offered to buy U.S. Steel for $55 a share.

Investors with significant funds have taken a bearish position in United States Steel (NYSE:X), a development that retail traders should be aware of. This was brought to our attention today ...

Second lawsuit filed in U.S. District Court for the Western District of Pennsylvania against Cleveland-Cliffs, Cliffs’ CEO Lourenco Goncalves, and USW President David McCall for their illegal and coordinated actions aimed at preventing the transaction and attempting to undermine U.

The deal-focused orientation of President-elect Trump can serve as both the carrot and the stick in a new diplomatic paradigm.

Copyright 2025 The Associated Press. All Rights Reserved. A hot rolling mill at Nippon Steel’s Kashima Plant in Kashima, Japan on Friday, Dec. 6, 2024. (AP Photo ...