On January 2, 2025, U.S. President Joe Biden is expected to announce his decision regarding Japan's Nippon Steel's proposed acquisition of U.S. Steel. This follows a review by the Committee on Foreign Investment in the United States (CFIUS), which has referred the matter to Biden for approval or rejection.
The decision is anticipated to be made public as early as Friday, January 5, 2025. This acquisition has significant implications for both U.S. and Japanese steel industries, as well as for international trade relations.