Russia is the seventh-leading exporting market of steel worldwide. In response to the Russian invasion of Ukraine in February 2022, the European Union (EU) banned imports of certain iron and steel ...

CFIUS panel is set to refer decision to Biden later this month Both companies likely to pursue litigation if deal is blocked The Committee on Foreign Investment in the United States panel, which has ...

An illustration of a magnifying glass. An illustration of a magnifying glass.

The company announced separately on Tuesday a plan to offer a $5,000 bonus to every US Steel worker if the takeover closes. The CFIUS process was extended in September with a procedural maneuver.

to Japan's Nippon Steel Corp. on national security grounds. According to Bloomberg, Biden will reject the bid once the Committee on Foreign Investment in the United States (CFIUS) panel sends its ...

By Jasper Ward and Alexandra Alper (Reuters) -A national security review of Nippon Steel's $15 billion bid for U.S. Steel is ongoing and President Joe Biden will see what it yields before making a ...

A national security review of Nippon Steel’s $15-billion bid for U.S. Steel X-N is ongoing and President Joe Biden will see what it yields before making a decision on whether to block the deal ...

and — if necessary — will work with U.S. Steel to consider and take all available measures to reach a fair conclusion," the company added. The CFIUS, which extended the process in September ...

President Joe Biden plans to formally block the $14.1 billion sale of United States Steel Corp. to Nippon Steel Corp. on national security grounds once the deal is referred back to him later this ...

S. Steel into the best steel company in the United States for decades.” The closing bonus is conditioned upon the transaction closing. Nippon Steel also intends to provide a EUR 3,000 in closing ...

Import volume of finished steel products into the European Union over the first eight months of 2023, by country of origin (in 1,000 metric tons) Characteristic Import volume of finished steel in ...

Nippon Steel Corp. clarified its spending plans at U.S. mills owned by United States Steel Corp. as part of last-ditch efforts to win over workers and politicians for its bid to buy the Pittsburgh ...