US Steel News

Nippon Steel Challenges Biden Administration in Court Over Blocked US Steel Deal

Nippon Steel Corp. is taking the Biden administration to court over the blocked acquisition of US Steel Corp., alleging unfair review processes and political interference. The tria...

Cleveland-Cliffs CEO Confident in Financing $7 Billion Bid for US Steel

Cleveland-Cliffs Inc. CEO Lourenco Goncalves is confident in financing a $7 billion bid for US Steel, with plans ready if Nippon Steel's deal collapses. He's backed by major financ...

Cleveland-Cliffs and Nucor Eye $7 Billion Takeover of US Steel Amid National Security Concerns

Cleveland-Cliffs Inc. and Nucor Corporation are preparing a $7 billion bid for US Steel, valuing its shares at $38 each. This move comes after the White House blocked Nippon Steel'...

Trump Claims Tariffs Will Revitalize US Steel, Making It More Profitable and Valuable

President-elect Donald Trump believes his proposed tariffs will boost US Steel's profitability and value, countering President Biden's blockage of a Nippon Steel acquisition. Trump...

Legal Showdown: Nippon Steel and US Steel Challenge Biden's Block on $14.9B Merger

Nippon Steel and US Steel have filed lawsuits against President Biden's decision to block their $14.9 billion merger, claiming it would enhance US national security and strengthen ...

President Biden Blocks Nippon Steel's $14.9 Billion Acquisition of US Steel

President Biden has blocked Nippon Steel's $14.9 billion acquisition of US Steel, citing national security and supply chain risks. The decision underscores the importance of keepin...

US Stock Market Shows Resilience Ahead of Crucial Manufacturing Data Release

The US stock market shows signs of recovery premarket, with Tesla and US Steel making headlines. Investors await the ISM December report on the manufacturing sector, following S&P ...

President Biden Moves to Block Nippon Steel's Acquisition of US Steel Amid National Security Concerns

President Biden is reportedly set to block the sale of US Steel to Nippon Steel, citing national security concerns and potential impacts on domestic production. Nippon Steel's rece...

Nippon Steel Adjusts Timeline for US Steel Takeover to Early 2025

Nippon Steel has revised the expected closure date of its $15 billion acquisition of US Steel to the first quarter of 2025, urging President Biden for a fair evaluation amidst poli...

Biden's Decision Could Seal Nippon Steel's $15 Billion Deal with US Steel

Nippon Steel's $15 billion bid for US Steel is pending as the Committee on Foreign Investment in the United States (CFIUS) reaches a deadlock. President Joe Biden now has the final...

Nippon Steel Criticizes Political Interference in US Deal

Nippon Steel criticizes political interference in its planned acquisition of US Steel, valued at $14.9 billion. The deal is under review by a Washington body, with reports suggesti...