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The Independent UK

National

Fatima Hussein

Nippon, US Steel file suit after Biden administration blocks $15 billion deal

Joe Biden Nippon US Steel United States Nippon Steel Lawsuit Pittsburgh

Biden-US Steel-Nippon-History - (Copyright 2024 The Associated Press, All Rights Reserved)

Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel..

The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies' due process.

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