In exchange, Nippon Steel gets access to a robust U.S. steel market, strengthened in recent years by tariffs under President Donald Trump and former President Joe Biden, analysts say. In a note, ...

The White House says it intervened to block a decision to stop processing raw steel at U.S. Steel’s Granite City Works plant ...

President Trump has exercised his administration's "golden share" authority to prevent the shutdown of a US Steel plant in ...

The golden share—essentially a veto power over certain corporate moves—was a condition for White House approval of Nippon Steel’s $14.1 billion acquisition of U.S. Steel in June. The president used ...

The Trump economy is pushing further into state capitalism as the U.S. takes stakes or golden shares in Intel, MP Materials and U.S. Steel.

The investment in two U.S. Steel plants forms part of the Japanese company's $11 billion commitment to the American ...

HARRISBURG, Pa. — U.S. Steel reversed course and said Friday that it will continue processing raw steel at its Granite City Works plant in Illinois, nixing a decision that had put the plant on track ...

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. The Trump administration blocked United States Steel Corp.

Just days after being sworn into office, U.S. Sen. Dave McCormick had lunch with a group of U.S. Steel workers who favored the company’s sale to Nippon Steel. That January meeting convinced the ...

HARRISBURG, Pa. — The White House said Monday that it intervened under the terms of a three-month-old national security agreement with Japan-based Nippon Steel to block a decision to stop processing ...