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
Signal Ocean Spotlight: Iron Ore – Disconnect between Chinese iron ore imports and steel production widens
View Article
Europe and Russia: A region of contrasts shaping global softwood markets
View Article
American Trailer Manufacturers Coalition applauds affirmative preliminary determination from DOC in AD/CVD trade case
View ArticleDOE’s Office of Critical Minerals and Energy Innovation announces $134 million to bolster rare earth element supply chains
Selected projects will strengthen domestic rare earth supply chains, reduce reliance on foreign sources, and improve U.S. energy security.
View Article
Merlo America welcomes new finance manager to support continued growth
View Article
U.S.-China trade talks signal new agricultural commitments
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
![[Freightos Weekly Update] Ocean rates climbing, with more increases expected soon](https://www.ajot.com/images/uploads/article/_thumbs/Support_grows_for_India%E2%80%99s_new_maritime_CCTV_rules.jpg)
