Nippon Steel

U.S. Steel sues to salvage its sale to Japan’s Nippon Steel

U.S. Steel and its would-be Japanese suitor filed twin lawsuits Monday to defend their $15 billion merger. President Biden issued an order on Friday to block the deal, citing national security concerns.

Biden blocks U.S. Steel’s sale to Nippon, citing national security concerns

The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the sale.