Tuesday, 15 April 2025
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Alexandra Alper

FILE PHOTO: A Nucor Corporation steel production facility is pictured in Convent, Louisiana, U.S., June 11, 2018. REUTERS/Jonathan Bachman/File Photo
BusinessIndustryInfrastructureNews

Cleveland-Cliffs partners with Nucor to potentially bid for US Steel, CNBC reports

Cleveland-Cliffs is partnering with peer Nucor to prepare a potential bid for U.S. Steel, CNBC reported on Monday, citing sources.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
BusinessEconomyIndustryInfrastructureNewsPoliticsRegulations

U.S. Steel, Nippon sue Biden administration over decision to block merger

Nippon Steel sues Biden, alleging constitutional violations in $14.9B U.S. Steel deal block over national security claims.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
BusinessIndustryNews

Nippon Steel offers US government veto power in bid for US Steel approval, source says

Nippon Steel has proposed giving the U.S. government veto power over production cuts at U.S. Steel to secure Biden's approval for their acquisition.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
BusinessEconomyIndustryNewsPolitics

Despite revamped proposals, Nippon Steel deal on track to be blocked, letter says

Nippon Steel's $14.9 billion bid for U.S. Steel faces potential block by Biden as CFIUS fails to reach consensus on national security risks.

FILE PHOTO: A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan U.S., September 16, 2024.  REUTERS/Rebecca Cook/File Photo
BusinessEconomyGreen SteelIndustryInfrastructureManufacturingNewsPoliticsRegulationsTrade

Biden plans to block Nippon Steel purchase of US Steel, Bloomberg News reports

President Biden plans to block Nippon Steel's $15B U.S. Steel takeover on national security grounds, Bloomberg reports.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
BusinessEconomyIndustryInfrastructureNewsPolitics

Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline

The Committee on Foreign Investment has until that day to complete its second review of the company's proposed takeover of U.S. Steel.

FILE PHOTO: The logo of Nippon Steel Corporation is displayed at the company headquarters in Tokyo,  Japan in this photo taken by Kyodo May 1, 2019.  Mandatory credit Kyodo/via REUTERS/File Photo
BusinessIndustryInfrastructureNewsPoliticsRegulations

Nippon makes last ditch effort to win Washington’s nod on US Steel deal: source

Nippon Steel executive to meet American officials to salvage $14.9B U.S. Steel bid amid national security review concerns.

Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato
IndustryInfrastructureNewsPoliticsRegulationsTrade

US warns against Nippon merger with US Steel, citing China steel glut

U.S. warns Nippon's $14.9B U.S. Steel bid risks national security by reducing domestic steel supply and production.

FILE PHOTO: A general view of the White House in Washington, U.S., August 27, 2023. REUTERS/Julia Nikhinson/File Photo
BusinessNewsNuclear PowerPoliticsTrade

US to force China-linked firm to sell land near US missile silos

The White House gave a Chinese-linked company and its partners 120 days to sell property they had bought near a U.S. Air Force...

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