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Breaking: President Biden blocks Japanese takeover of US Steel, a move supported by the United Steelworkers and President-elect Trump

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Fri Jan 3 2025

Biden blocks Japanese takeover of US Steel

A US Steel sign is seen outside the Carrie Furnace which was once part of the abandoned Homestead Steel Works that continues to be further converted for public use after being designated as a historical landmark on January 21, 2020, in Swissvale, Pennsylvania.

In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that's American-owned and American-operated."

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