GARY, Ind. (CBS) --President Joe Biden blocked a $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel, a deal that Northwest Indiana officials said would have provided a much-needed ...

U.S. Steel said it remains committed to pursuing a deal with Nippon, believing it is best for the U.S. steel industry, supply ...

WASHINGTON—President Joe Biden has blocked Nippon Steel’s $15 billion bid to acquire U.S. Steel. This decision aims to protect jobs, union agreements, and national security while preserving domestic ...

GARY, Ind. (WLS) -- Leaders in Northwest Indiana reacted Friday after President Joe Biden decided to block Japan's Nippon Steel from acquiring U.S. Steel. The U.S. Steel smokestacks along the ...

U.S. Rep. Frank Mrvan, D-Highland, speaks during an event celebrating the construction of a pig iron caster at U.S. Steel Gary Works on Thursday, May 26, 2022. (Kyle Telechan for the Post-Tribune) ...

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 ...

Nippon Steel and U.S. Steel have filed a lawsuit challenging the Biden administration's order to block the nearly $15 billion ...

Nippon Steel sent a new proposal in its bid to buy U.S. Steel, including giving the U.S. government a veto over any reduction ...

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. The Biden administration's decision to block Nippon ...

Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and Pennsylvania’s Mon Valley. It also vowed not to reduce production capacity ...