American Steel Company: Nippon Steel is expected to complete a $14.9 billion acquisition later this year. On March 15th, American Steel Company stated in regulatory documents that Nippon Steel's acquisition of the company is expected to be completed later this year. US President Biden issued a statement on the 14th opposing the $14.9 billion deal. He stated that it is crucial for American steel companies to maintain domestic ownership and operations, and "it is important to keep American steel companies driven by American steel workers.".