U.S. Steel and Japan's Nippon Steel are suing the U.S. government to revive their blocked merger, arguing the decision was politically motivated and harmful to the industry.
The lawsuit claims the Biden administration corrupted the review process for political gain while jeopardizing steel workers' jobs and U.S. steel industry stability.
Despite a government panel's indecision on the merger, President Biden asserted the blockade was vital for maintaining a strong domestically controlled steel sector.
The legal actions taken by U.S. Steel and Nippon Steel against other entities in the industry highlight the complexities of mergers in an election year, where national security claims are paramount.
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