According to steel companies, the US president’s decision has “illegal political influence”
A ea this Monday (Jan 6, 2025) challenged in court the decision of the President of the United States, Joe Biden (Democrat), to block the acquisition of the North American steel company by the Japanese company, valued at US$ 14.9 billion.
The companies argue that Biden’s decision is a “violation of the constitutional guarantee of due process and statutory procedural requirements, as well as illegal political influence”. The information is from .
The companies also sued , its CEO Lourenco Goncalves and the union president, David McCall. Accusing them of illegal actions to prevent the purchase.
Despite political and union resistance, US Steel warned of job losses and the closure of steel mills in the US if the deal is not reached.
Biden declared on Friday (January 3) that his decision was made to protect the “national security” and ensure that steel production remains under American control.
