Biden Blocks US Steel Takeover
This is a Japan news story, published by BBC, that relates primarily to US Steel news.
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Nippon Steel takeoverBBC
•US prepares to block Nippon Steel takeover of US Steel
66% Informative
$15bn deal was announced by Japan 's Nippon Steel and US Steel last year .
It would have created one of the world's biggest steel companies outside of China .
But it soon ran into resistance from politicians and the US Steelworkers union.
US Steel shares fell more than 20% after reports of the decision.
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