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Biden Blocks Japan Firm's $15 Billion Deal to Acquire US Steel
The New Indian Express Coimbatore
|January 04, 2025
US President Joe Biden has blocked the nearly USD 15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based US Steel, affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA's most storied steel company.
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The proposed deal kicked up an election year political maelstrom across America's industrial heartland, and blocking it drew a threat of litigation from Nippon Steel. "We need major US companies representing the major share of US steelmaking capacity to
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The New Indian Express Coimbatore
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