Business & FinanceGovernment

US warned Nippon Steel its U.S. Steel bid risks harming American industry

05 September 2024, 6:32 pm 1 minute

Reuters exclusively reported that the Biden administration told Nippon Steel its $14.9 billion acquisition of U.S. Steel would pose a national security risk by harming the American steel industry, adding to evidence the U.S. is poised to block it.

Article Tags

Topics of Interest: Business & FinanceGovernment

Type: Reuters Best

Sectors: Business & FinanceEconomy & Policy

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

An entrance to the U.S. Steel Great Lakes Works plant is seen in Ecorse, Michigan, U.S., September 24, 2019. Picture taken September 24, 2019. REUTERS/Rebecca Cook

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