National Security or Protectionism? Biden Blocks U.S. Steel Sale

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) remained sideways with a slight downside bias, falling 1.49% from December to January. Meanwhile, the blocked sale of U.S. Steel could significantly affect steel prices in 2025. Biden Blocks Nippon-U.S. Steel Sale After the Committee on Foreign Investment in the U.S. (CFIUS) came to a split decision, the sale of U.S. steel met a bitter end. In early January, President Biden made good on his promises to block Japan’s Nippon Steel Corporation from acquiring the mill. Nippon’s $14.9…