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Al Jazeera

Business

Biden blocks sale of US Steel to Japan’s Nippon Steel

US Steel Joe Biden Nippon Steel Nippon United States Japan David McCall Shigeru Ishiba Tokyo

Japan's Nippon Steel [File: Ayaka McGill/AP Photo]

United States President Joe Biden has blocked the $14.9bn sale of the Pittsburgh, Pennsylvania-based US Steel to Japan’s Nippon Steel.

The move on Friday deals a potentially fatal blow to the merger plan, which had been under review by the US government for a year.

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