MUMBAI: Domestic steel demand is set ... of value-added products and specialty steel such as galvanised and coated steel, alloy steel and stainless steel to India, with minimal share of hot ...

Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government.

Experts say that will not change even after Biden’s rejection of Nippon Steel’s takeover attempt. By River Akira Davis Reporting from Tokyo As signs emerged that President Biden was gearing up ...

Additionally, executives said U.S. Steel could move its headquarters out of Pittsburgh. The company could still entertain bids from domestic rivals, said Peterson, noting that U.S. Steel's mini ...

President Biden announced Friday that he is blocking the $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel after a government panel recently failed to reach consensus on the possible ...

U.S. Steel has argued that not letting the deal move forward could actually imperil the future of the domestic steel industry. The company threatened to move its headquarters out of Pittsburgh if ...

Copyright 2025 The Associated Press. All Rights Reserved. Industrialist and steel magnate Andrew Carnegie is seen in this undated photo. (AP Photo, File) This is a ...

Rise of US Steel Paralleled the Arrival of the United States on the World Stage President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel on Friday ...

WASHINGTON − President Joe Biden on Friday blocked the sale of U.S. Steel to a Japanese buyer in an extraordinary use of presidential power he said protects an American industry vital to ...

“That is because steel powers our country: our infrastructure, our auto industry, and our defense industrial base,” he added. “Without domestic steel production and domestic steel ...

"A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains. ... Without domestic steel production and ...