President Biden Friday followed through on a promise to block the sale of US Steel to Japanese-owned Nippon Steel, citing ...

President Joe Biden officially announced on Friday he has blocked Nippon Steel's $14.1 billion purchase of U.S. Steel, ...

BRADDOCK, Pennsylvania -- The fate of the Edgar Thomson Works, a massive steel plant that has hugged the same spot along the ...

Mr. Biden says he blocked the $14 billion takeover of U.S. Steel by Japan's Nippon Steel on the grounds the sale was a threat ...

President Biden is blocking Nippon Steel's $14.9 billion takeover ... was unable to reach agreement on whether the sale posed a threat to national security, leaving the decision up to the ...

In prohibiting the sale last week, Biden said foreign ownership of U.S. Steel could jeopardize domestic supply chains and compromise national security. "Without domestic steel production and ...

US Steel has gone to court to salvage its sale to a Japanese steelmaker. President Biden moved to block that sale last week, citing national security concerns. U.S. Steel is going to court to try ...

Biden said he blocked the $14 billion takeover of U.S. Steel by Japan‘s Nippon Steel on the grounds the sale was a threat to national security ... whose home is next door to the Edgar Thomson ...

(Scott Olson/Getty Images) President Joe Biden on Friday announced his decision to block the $14 billion sale of U.S. Steel to Japan’s Nippon Steel, citing national security concerns. The move ...

President Biden has formally blocked the sale of US Steel to a Japanese company. Biden said in a statement that maintaining a domestic-owned steel industry is vital to America's national security.

Biden, however, cited steps his administration has taken to strengthen the steel industry in the United States while warning that national security concerns if such a prominent steel company was ...