Japan's Nippon Steel is committed to its $15 billion acquisition of U.S. Steel and is confident of completing it by year-end, a senior executive said,

With lacking growth and the deal off the table, investors should expect U.S. Steel to trade back to the mid-$20 range or lower.

Almost a year after Nippon Steel announced its takeover plan, hefty political hurdles remain. President-elect Donald Trump this week repeated his opposition to the sale of U.S. Steel, saying he’d instead use tariffs and tax incentives to revitalize the American steelmaker.

U.S. President-elect Donald Trump said on Monday a series of tax incentives and tariffs will make U.S. Steel strong again, as he reiterated his opposition to Nippon Steel's planned purchase of the company.

Trump wrote in a post on Truth Social that he is “totally against” the sale of the Pittsburgh-based company to Nippon Steel of Japan.

The Japanese steelmaker has promised not to transfer any U.S. Steel production capacity or jobs outside the United States. It has also said it would not interfere in any of U.S. S

President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he’s pledging to use tax incentives and tariffs to strengt

President-elect Donald Trump has repeatedly said he intends to block a Japanese firm’s $15 billion takeover bid of US Steel upon taking office, saying the former American giant can eventually stand on its own.

Donald Trump's plan to block the sale of U.S. Steel to a Japanese company has upset some Pennsylvania steelworkers.

"I'm on the side of making steel. I'm on the side for making steel for whoever owns this facility," said worker Jesse Smith. "I'm partial towards it being domestic and individuals