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Biden administration aide downplays CFIUS extension of X/Nippon Steel deal - report
White House National Security Adviser Jake Sullivan downplayed that the U.S. decision to give Nippon Steel (OTCPK:NPSCY) an extension in a national security review of its $14 billion purchase of US Steel (NYSE:X) meant that President Joe Biden may be more inclined to let the deal happen.
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
What is the Nippon-US Steel deal, and why are Trump, Biden, Harris all against it?
The multi-billion dollar sale of U.S. Steel to Japan-based Nippon Steel has drawn opposition from the White House and both parties. What to know.
Nippon Steel Gets More Time for U.S. Steel Deal Review
A decision on the national security review is potentially pushed out until after November’s presidential vote.
Federal decision on Nippon-US Steel takeover to be pushed back
Japan’s largest steel maker, Nippon, is asking to refile its bid to acquire US Steel, a person familiar with the decision told The Hill, a move that will put off a decision on approving the deal until after the president election.
White House says review of Nippon Steel’s proposed purchase of US Steel ongoing
A source told Reuters this week that the US national security panel reviewing Nippon Steel's $14.9 billion bid.
1d
on MSN
How U.S. Steel’s long, painful decline turned into a political lightning rod
Unions, Japanese takeovers, and Pennsylvania have all conspired to make the proposed deal for U.S. Steel a hot election year ...
1d
When was steel invented?
No one knows for sure when steel was invented, but some of the earliest examples crop up in the first millennium B.C. in ...
1d
Nippon Steel to sell $211 mln in assets to manage debt amid U.S. Steel deal
Nippon Steel plans to sell at least 30 billion yen ($211 million) in assets in this fiscal year to manage its debt, the ...
Opinion
6d
Opinion
Biden May Sabotage the Steel Industry
Nippon Steel wants to save U.S. Steel. The only thing that may stop it is politics.
The Economist
4d
Chinese overcapacity is crushing the global steel industry
E ach year China makes as much steel as the rest of the world combined. The vast scale of its output—around 1bn tonnes a year ...
1d
Eric Roberts give thumbs down to Julia Roberts’ star turn in ‘Steel Magnolias’
Julia was good in ‘Mystic Pizza,’ great in ‘Pretty Woman,’ but not so much in ‘Steel Magnolias,'” Eric Roberts writes in his ...
1d
on MSN
India's Tata Steel invests $3.23 billion to expand crude steel capacity
India's Tata Steel has invested 270 billion rupees ($3.23 billion) to expand crude steel capacity at its facility in the ...
5h
1:10 Split, Rs 58.2/ Dividend In 2 Years: BUY Tata's Steel Stock For 25% Potential Gains, Rs 190/TP
Tata Steel stock will be in focus next week after the company successfully commissioned Indias largest blast furnace at ...
17h
Union opposition to U.S. Steel sale reflects years of bad relations
Mistrust between the United Steelworkers union chief and the CEO of U.S. Steel has overshadowed the troubled deal with Nippon ...
4d
on MSN
India in talks to tackle rising steel imports, steel minister says
India is in discussions to tackle higher steel imports, Steel Minister H.D. Kumaraswamy said on Wednesday, without sharing ...
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