President Biden blocks Japanese takeover of U.S. Steel. What does it mean for Gary, Indiana steel mill?
Gary Mayor Eddie Melton supported the merger, saying Nippon Steel had committed $300 million to upgrade the Gary Works steel mill.
Biden Blocks Nippon Steel Deal, Secures U.S. Steel Jobs in Gary
President-elect Donald Trump also opposed the acquisition, vowing to block the deal and support U.S. Steel’s growth with tax incentives and tariffs.
President Biden blocks sale of US Steel to Japanese company
In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that’s American-owned and American-operated."
Biden Rejects Nippon Steel's Proposed Deal to Acquire US Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel
Gary mayor expresses disappointment in President Biden's blocking of US Steel acquisition
A major deal in the steel industry hit a major roadblock Friday after President Joe Biden blocked Japanese-based company Nippon Steel from acquiring U.S. Steel for $15 billion, a controversial deal that had been in the works for months.
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon Steel
Nippon Steel announced in December 2023 that it planned to buy the steel producer for $14.9 billion in cash and debt, and committed to keep the U.S. Steel name and Pittsburgh head
Biden rejects U.S. Steel-Nippon Steel deal
A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.
Biden decides to block Nippon buyout of U.S. Steel, Washington Post says
President Biden has decided to officially block Nippon Steel’s (NPSCY) (NPCSY) proposed purchase of U.S. Steel (X), Jeff Stein and David Lynch
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Collapse of U.S. Steel acquisition leaves questions for Gary plant
President Biden's decision to block the acquisition of U.S. Steel leaves the future of the Gary Works plant 30 miles from Chicago uncertain.
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