10 January 2025

© Reuters. FILE PHOTO: A United Steelworkers banner is seen outside the Great Lakes Works U.S. Steel plant in River Rouge, Michigan, US, on September 16, 2024. REUTERS/Rebecca Cook/File Photo

WASHINGTON (Reuters) – U.S. President Joe Biden is likely to announce a decision on Friday on whether to approve Japan's Nippon Steel Corp's takeover of U.S. Steel, CBS News reported late on Thursday, citing people familiar with the process. .

The Committee on Foreign Investment in the United States (CFIUS) recently referred the decision to approve or block the deal to Biden, who will leave office on January 20.

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