Nippon Steel Seeks Trump Administration's Support to Revive $14.9B U.S. Steel Deal

The Japanese steelmaker is pursuing legal and political avenues after the Biden administration blocked the acquisition on national security grounds.

Nippon Steel and U.S. Steel are challenging President Biden's decision to block their $14.9 billion merger, citing constitutional due process violations.
The enforcement of Biden's order to unwind the deal has been delayed until June due to ongoing legal proceedings.
Nippon Steel plans to engage with Donald Trump's incoming administration to secure support for the acquisition, emphasizing benefits for U.S. workers and national security.
Cleveland-Cliffs, in partnership with Nucor, is reportedly preparing an all-cash bid for U.S. Steel as an alternative to Nippon Steel's proposal.
Legal experts suggest Nippon Steel's case against the Biden administration may face significant challenges, potentially delaying or restructuring the deal.