Trump orders new CFIUS review for USS

President Trump has ordered a new review of Nippon Steel’s proposed buy of U.S. Steel. It is to be completed within 45 days.

The president on Monday ordered the Committee on Foreign Investment in the United States (CFIUS) to re-examine the potential acquisition of U.S. Steel “to assist me in determining whether further action in this matter may be appropriate,” according to a memorandum released by the White House.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

Latest in Market Segment

Steel trade groups urge President Trump to keep S232 tariffs intact

Commerce raises AD duties on Korean OCTG

ArcelorMittal steel plant in Ukraine unable to restart due to war

Commerce ups duties on Turkish pipe

Global raw steel output slows further in August