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 President Donald Trump indicated Nippon Steel is considering investing in United States Steel instead of an outright purchase.

Pentwater, the third-largest investor in U.S. Steel, said it opposes moves by activist investor Ancora Holdings Group to shake up the board of the American steelmaker.

“I want to have a stake in something that I’m going to be involved in,” Alan Kestenbaum said Jan. 27 in an interview. “If I get the chance to run the show, I’ll invest in myself.”

An asset manager is seeking to quash Nippon Steel’s takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.

Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the U.S. on concerns that President Donald Trump soon will reimpose duties.

Canada’s draft plan to retaliate against U.S. tariffs may roll out in stages, with the government preparing to hit all American steel and aluminum products with counter-tariffs if necessary.

HARRISBURG, Pa. — The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge.

Cleveland-Cliffs Inc. is partnering with rival Nucor Corp. in a potential bid for United States Steel Corp., CNBC reported Jan. 13.

TOKYO — Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said after President Joe Biden blocked the steelmaker’s move.

Nippon Steel Corp. and U.S. Steel Corp. jointly filed lawsuits in a last-ditch effort to preserve the planned merger of the companies, which was blocked last week by President Joe Biden.