WASHINGTON – The Biden administration delayed until June an order for Nippon Steel 5401.T to abandon its $14.9 billion bid for U.S. SteelX.N, the companies said on Saturday, giving them some time to revive the politically contentious deal. President Joe Biden blocked the acquisition on national security grounds on Jan. 3, and Treasury Secretary Janet …

The post Biden administration delays enforcement of order blocking Nippon Steel, US Steel deal appeared first on AL24 News.