International Companies

Biden voices opposition to Japanese takeover of US Steel

By Benjamin Chiou

Date: Thursday 14 Mar 2024

(Sharecast News) - Shares in American steel producer US Steel was under pressure on Thursday after president Joe Biden said he's opposed to its $14.9bn takeover by Japan's Nippon Steel.
In prepared remarks, Biden said that is "vital" for an American steel company to be domestically owned and operated.

"It...

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