logo
logo

US Steel and Nippon Steel sue Biden administration over blocked $14.9 billion merger

Jan 07, 20256 months ago

Contract Type

agreement

PittsburghManufacturing

Description

US Steel and Nippon Steel have filed a lawsuit against the Biden administration, alleging that President Biden unlawfully blocked the $14.9 billion bid for US Steel by Nippon Steel. They are seeking a federal appeals court to overturn the decision and secure another shot at approval through a fresh national security review.

Company Information

Company

US Steel

Location

Pittsburgh, Pennsylvania, United States

About

US Steel is a major American steel manufacturer with a long history of providing high-quality steel products to various sectors. The company has been at the forefront of the US manufacturing industry and has a strong commitment to domestic production and operations.

Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months