Nippon Steel, US Steel sue Biden administration over blocked merger deal
Fri, Jan 10 2025
Nippon Steel, US Steel sue Biden administration over blocked merger deal
US Steel and Nippon Steel have filed lawsuits in Washington in a bid to overturn last week's decision by the Biden administration to block their planned merger. In a scathing statement, the steelmakers accused the outgoing president of making the move for political gain. They also sued the USW union and rival bidder Cleveland-Cliffs, accusing them of colluding to kill the deal to try to monopolise the US steel industry. Also in this edition: a 276 kg bluefin tuna fetches €1.2 million at a New Year's auction in Japan.
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