
‘Limited avenues moving forward’ for US Steel, Nippon Steel after Biden scuttles deal
Taitai6769/iStock via Getty Images US Steel (NYSE:X) shares settled -6.5% while ADRs of Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF) ended -0.8% on Friday after President Biden officially blocked the proposed merger of the two steel producers, likely dealing a