Biden blocks U.S. Steel takeover by Japan’s Nippon Steel, citing national security President Joe Biden on Friday officially blocked the takeover of U.S. Steel by Japan’s Nippon Steel, making good on his promise to keep an industrial name that is more than a century old under domestic ownership.
US Steel, once the world’s largest corporation, agrees to sell itself to a Japanese company US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal.
