Future of a Steel Titan in Limbo After Biden Blocks Sale to Japanese Firm
Mr. Biden says he blocked the $14 billion takeover of U.S. Steel by Japan’s Nippon Steel on the grounds the sale was a threat to national security.
BRADDOCK, Pennsylvania — The fate of the Edgar Thomson Works, a massive steel plant that has hugged the same spot along the Monongahela River since 1875, became even more uncertain Friday morning when President Biden announced he would block the sale of United States Steel to Nippon Steel as one of his last acts as president.
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