Steel Mills

Government seeks extension in USS-Nippon lawsuit as talks continue
Written by Stephanie Ritenbaugh
March 17, 2025
The Trump administration is seeking to extend the briefing deadlines and oral arguments in the lawsuit filed by U.S. Steel and Nippon Steel.
The government said it hopes to reach an agreement with the two companies outside of the courts, according to a filing last week.
USS and Nippon are seeking to overturn the government’s decision to block the Japanese company’s bid to buy U.S. Steel for $15 billion.
The government asked that the deadlines be extended by 21 days to April 7 and April 21 for responses. It also asked that oral argument be rescheduled from April 24 to the week of May 12.
“The requested extension will allow the government to complete its ongoing discussions with the parties regarding the U.S. Steel and Nippon Steel transaction with the goal of eliminating the need for this court’s resolution of the litigation on the merits,” the government said in the filing.
U.S. Steel and Japan-based Nippon agreed to the extension, but the final decision is up to the court, the Pittsburgh-based steelmaker said in a filing with the Securities and Exchange Commission.
The case, United States Steel Corporation, et al. v. Committee on Foreign Investment in the U.S., et al., was filed in the US Court of Appeals for the District of Columbia Circuit. Named respondents include CFIUS, President Donald Trump, Attorney General Merrick Garland, and Secretary of the Treasury and CFIUS Chairperson Scott Bessent. Former President Joe Biden and former Federal Reserve Chair Janet Yellen were respondents listed as terminated from the case in January.
The companies filed their opening brief in February, arguing that then-President Joe Biden “made a predetermined decision for political reasons, not national security.”
Trump had loudly opposed the acquisition of the iconic Pittsburgh steelmaker by a foreign company. But in February during a press conference with Japanese Prime Minister Shigeru Ishiba, he said Nippon Steel had agreed to “invest heavily in U.S. Steel as opposed to own it.”
Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said last month, “The concept, psychologically, not good.”
Ishiba echoed Trump’s comments about a major investment. “It is not an acquisition; it is investment,” the prime minister said, according to a translation of his remarks.

Stephanie Ritenbaugh
Read more from Stephanie RitenbaughLatest in Steel Mills

Toyota Tsusho America to acquire Radius Recycling for $1.34 billion
The companies said Thursday that Radius shareholders will receive $30 per share in cash upon the deal’s closing, which is expected in the second half of this year.

Algoma resumes steel shipments to US, sees opportunity in tariffs
Algoma Steel has resumed shipments to the US, effective Friday, March 14. And the Canadian steelmaker sees a potential opportunity with the current tariff situation.

Algoma posts narrower Q4 loss, braces for tariff impact as US shipments pause
Algoma Steel's net loss narrowed in the fourth quarter vs. a year earlier amid economic uncertainty and tariff-related issues.

Evraz NA refutes report it falsified tests on plate for US military
Employees at Evraz North America, a subsidiary of Russia's Evraz plc, reportedly falsified quality control test results on armored plate for military vehicles. Evraz NA denies the claims.