steel

US Commerce Secretary says sale of US steel to Japanese rival could be subject to government review

Gene J. Puskar/AP This is part of US Steel’s Edgar Thomson plant in Braddock, Pennsylvania, on Monday. CNN – The possible takeover of US Steel by a Japanese steel competitor could face resistance from the US government, according to comments from US Commerce Secretary Gina Raimondo. “President Biden is very focused on ensuring that we … [Read more…]

Why the White House rejects a Japanese company's offer to take over a US steel maker – The Indian Express

Japanese steel giant Nippon Steel’s plans to buy Pittsburg-based US Steel have faced opposition from both Democratic and Republican lawmakers – and now the Joe Biden administration. The bipartisan opposition to the $14.9 billion deal appears to be at odds with the fundamental American commitment to free markets and unrestricted entrepreneurship. Critics of the deal … [Read more…]