U.S. Steel and Nippon Steel filed a separate lawsuit in the U.S. Court of Appeals in Washington, D.C., against the Biden administration to overturn the order and force a new review that could potentially lead to the deal. The Pittsburgh suit against Cliffs and McCall doesn't have any bearing on that decision.
If Cleveland-Cliffs is able to acquire US Steel, its CEO says the headquarters of the new entity would be in Pittsburgh, not Cleveland.
Takahiro Mori said Nippon Steel's proposed acquisition of U.S. Steel does not bring any national security risks, despite Joe Biden's insistence otherwise.
President Joe Biden’s decision to block Nippon Steel’s acquisition of US Steel will go down as one of the worst of his presidency, and will tarnish
Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said Monday that he wanted to make a new bid for U.S. Steel.
President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.
Further, executives said U.S. Steel may move its headquarters out of Pittsburgh. Conversely, the United Steelworkers, the union representing 850,000 workers, cheered the administration's move to ...
Put together, U.S. Steel’s Man Valley Works plants are the largest single source of air pollution in the Pittsburgh region. Their fate, and 3,000 jobs, remain uncertain.
The move by Cleveland-Cliffs comes after the Biden administration blocked the U.S. Steel-Nippon tie-up on national security grounds.
Joe Biden calls himself the most pro-union president in American history. But he’s punting a thorny union matter to his successor, Donald Trump, who may not have any better solutions than Biden does.
PITTSBURGH (KDKA ... overturn President Biden's decision and have also separately sued Goncalves and United Steelworkers Union President David McCall, accusing them of conspiring to kill ...
U.S. Steel ( X 0.41%) has been in the news for months since Japan's Nippon Steel made a generous offer for the iconic American steelmaker. Nippon's $14.9 billion bid in late 2023 represented a nearly 40% premium to U.S. Steel's share price at the time.