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The Latest Breaking News from US Steel

Nippon Steel's Acquisition Of US Steel Faces Delay Amid DOJ Inquiry

Initially slated for the second or third quarter of 2024, the closure is now tentatively aimed for the third or fourth quarter.

International Business Times

U.S. Steel-Nippon Steel Deal Security Review Proceeds Normally

White House confirms security review of U.S. Steel-Nippon Steel deal amid concerns about national security and domestic steel industry implications.

Top News

Steel Stocks Find Support With Earnings, Tariffs, Mergers In The Mix

Nucor and Steel Dynamics have pulled back to their 50-day moving average with first-quarter earnings due next week.

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Biden Targets 'Cheating' China On Trip To US Steel Heartland

US President Joe Biden called for a hike in steel tariffs on "cheating" China Wednesday as he courted blue-collar voters on an election campaign trip to the battleground state of Pennsylvania.

International Business Times

Biden to triple taxes on Chinese steel and block Japanese takeover of US Steel

President touted plan during speech on Wednesday in Pennsylvania, where union support could prove crucial

The Guardian - US

Biden's Call for More Steel Tariffs Is Economically Ineffective Political Pandering

If higher tariffs were the solution to anything, wouldn't there be evidence of that by now?

Reason

U.S. Steel Shareholders Approve .1 Billion Sale To Nippon

U.S. Steel shareholders approve .1 billion acquisition by Nippon Steel, sparking concerns and differing views from President Biden and Japanese Prime Mi...

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J.D. Vance Thinks U.S. Steel's Shareholders Weren't Adequately Warned of J.D. Vance's Efforts To Block Sale

Vance's latest gambit is pretty nonsensical, intellectually embarrassing, and obviously self-serving. But that doesn't mean that it's not dangerous too.

Reason

Biden is hosting Japan's Kishida. But the Nippon Steel deal is not on the agenda

President BIden and Japanese Prime Minister Fumio Kishida Fumio announced efforts to strengthen military ties, as well as collaborations on space exploration and artificial intelligence.

WEKU

Japan’s Kishida to address Congress as its military role expands - Roll Call

Japanese Prime Minister Kashida will address Congress Thursday as the U.S. looks to Tokyo to take on a greater military role in Asia.

Roll Call

First US-Japan-Philippines Summit To Boost Defence Ties

The leaders of Japan and the Philippines head to Washington this week for a first trilateral summit aimed at boosting defence ties, hot on the heels of four-way military drills in the South China Sea that riled Beijing.

International Business Times

Japan's Persistence In U.S. Steel Deal Analysis

Nippon Steel's pursuit of a partnership with U.S. Steel for growth and market advantages in the steel industry.

Top News

Nippon Steel Emphasizes US Roots In U.S. Steel Deal

Nippon Steel highlights its strong presence in the US and commitment to partnership with U.S. Steel for mutual success in the steel industry.

Top News

Opposition to U.S. Steel Sale Shows How Similar Biden and Trump Are on Trade

Economic nationalists are claiming the deal endangers "national security" to convince Americans that a good deal for investors, employees, and the U.S. economy will somehow make America less secure. That's nonsense.

Reason

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International Business Times

US Steelworkers Union Backs Biden In Reelection Bid

US President Joe Biden won the endorsement of the United Steelworkers (USW) union Wednesday, less than a week after saying he opposed the proposed sale of US Steel to Japan's Nippon Steel.

Top News

Nippon Steel Commits To No Layoffs Or Plant Closures Until 2026

Nippon Steel's commitment to no layoffs or plant closures at US Steel until 2026 ensures stability and growth in the steel industry.

Reason

The U.S. Steel/Nippon Deal Should Be None of Joe Biden's Business

Both companies consented to the deal. Why should they have to get permission from the president to do business?

Al Jazeera

Biden opposes Japanese takeover of US Steel, touts ‘American steelworkers’

US president’s remarks come as he is seeking to shore up support in key swing state of Pennsylvania.

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Barchart

Stocks Fall on Bearish US Economic Reports and Sharp T-note Yield Rise

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.30%. Stocks on Thursday closed mildly lower on the bearish PPI and retail sales...

WEKU

Biden opposes Nippon Steel takeover of U.S. Steel. It's an issue in some swing states

Former President Donald Trump has already said he would block the deal between U.S. Steel and its Japanese rival. Now President Biden is speaking out about it, too.

Barchart

Stocks Succumb to Bearish PPI and Retail Sales Reports

The S&P 500 Index ($SPX ) (SPY ) is down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.13%. Stocks faded from early gains and are currently trading mildly lower on today's bearish PPI...

Barchart

Stocks Lower On Bearish PPI and Retail Sales Reports

The S&P 500 Index ($SPX ) (SPY ) today is down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.03%. Stocks are trading slightly lower after today’s bearish PPI and retail sales reports. The...

Barchart

Stocks Absorb Bearish PPI and Retail Sales Reports

The S&P 500 Index ($SPX ) (SPY ) today is up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.27%. Stocks are trading slightly higher despite today’s bearish PPI and retail sales reports. The...

International Business Times

Biden Opposes Nippon Steel Takeover Of US Steel

President Joe Biden said Thursday he is against the proposed sale of US Steel to Japan's Nippon Steel, as election year considerations appeared to outweigh the risk of angering key ally Japan.

International Business Times

Biden Opposes Nippon Steel Takeover Of US Steel: Statement

President Joe Biden said on Thursday he opposed the proposed sale of US Steel to Japan's Nippon Steel, in a move that could annoy Washington's close Asia-Pacific ally Tokyo.

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