USS confirms split CFIUS decision on Nippon deal; it's now up to Biden

The Committee on Foreign Investment in the United States (CFIUS) could not reach a unanimous decision on whether Nippon Steel’s proposed $14.9-billion purchase of the iconic U.S. Steel poses a national security threat.

The committee’s split decision pushes it to the president for the final call. By law, President Biden has 15 days to render a ruling. This pushes back the decision on the deal’s fate into the new year, to Tuesday, Jan. 7, just two weeks before Biden’s presidency ends and Trump’s second term begins. It will also be well over a year since the deal was first announced in December 2023.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

Laura Miller

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