Biden preparing to block Nippon’s US Steel takeover, source says
by Reuters Sep 04, 2024
U.S. President Joe Biden is preparing to block Nippon Steel's acquisition of U.S. Steel, a source said on Wednesday.
The move by Biden would deal a blow to the proposed $14.9 billion deal.
The president has previously expressed concern over Nippon's deal to buy the 122-year-old iconic U.S. steelmaker.
U.S. Steel warned earlier on Wednesday that a failure to merge with Nippon Steel would put thousands of U.S. union jobs at risk.
Reuters
Similar Stories
Port Laredo awarded new $25 million BUILD grant to support US-Mexico trade
View Article
USMCA figures prominently at GSDF 2026 event in New York City
View Article
Steel trade closely watches Brownsville port’s channel deepening project
View Article
Florida produce sees opportunity with non-renewal of USMCA
View Article
Heightened Chinese Coast Guard patrols in Taiwan Strait may impact East Asia shipping
View Article“K” LINE to support relief efforts following earthquake off the Coast of Mindanao
The earthquake that struck off the coast of Mindanao, the Philippines, on June 8 caused severe damage in a number of regions.
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
