The CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday that he wanted to make a new bid for U.S.
The argument is even less credible considering Japan hosts more than 50,000 US troops and in 2023 changed its laws so ...
President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden Administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied ...
U.S. Steel and Nippon have been working since the end of 2023 on this proposal. Biden announced he is blocking it on January 3rd. The two companies then filed federal lawsuits.
Nippon Steel said Tuesday that it had been informed by CFIUS that it had referred the case to Biden, and urged him to “reflect on the great lengths that we have gone to to address any national ...