“We are considering this as an important option,” Tadashi Imai, president of Nippon Steel, told reporters on Monday in televised remarks confirmed by CNN. “I think we can take action, including announcing , without taking too much time.” On Friday, Biden said he was blocking the controversial $14.3 billion acquisition, marking a significant use of executive authority in the closing days of his administration. He cited the need to protect national security and supply chains.
The deal was not supported by the United Steelworkers , the union representing American steel workers, which commended Biden’s decision as the “right move for our members and our national security.” The USW said US Steel’s recent financial performance showed it could “easily remain a strong and resilient company,” USW International President David McCall said in a statement.
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