Biden Steel Worker Ad 2025. Steel workers at company's headquarters on september 4, 2024. President joe biden said friday he is blocking a $14.3 billion acquisition of us steel by japan’s nippon steel, marking a significant use of executive authority in the closing days of.
Biden’s decision to block nippon steel’s proposed purchase of u.s. Steel issued a joint statement condemning biden’s decision as the result of a process “deeply corrupted by politics.” they also threatened legal action to try to.