In the wake of President Joe Biden blocking Nippon Steel's bid to buy U.S. Steel, Cleveland-Cliffs has renewed its offer to become the new owner of the once-mighty steel giant.

President Joe Biden on Jan. 3, 2025, issued a blocking order (the Order) addressing the proposed acquisition of United States Steel Corporation

Citing national security concerns and following an expansive but divided Treasury Department review, President Joe Biden recently decided to deny the $14 billion purchase of U.S. Steel Corp. by the Japanese firm Nippon Steel. The decision is final, at least for now, but both companies have already brought suit to overturn it.

"I have a plan, I have an all-American solution in place. The all-American solution centers on people, on workers," said Cleveland-Cliffs CEO Lourenco Goncalves.

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 Monday.

The move by Cleveland-Cliffs comes after the Biden administration blocked the U.S. Steel-Nippon tie-up on national security grounds.

Cleveland-Cliffs offered the company roughly $7.3 billion for a buyout in July 2023, though it was rebuffed. In a lawsuit filed earlier last week, U.S. Steel and Nippon say Cleveland-Cliffs conspired with the United Steelworkers Union to put pressure on Biden and the regulatory process to steer the deal back into its hands.

Pompeo said that for the past several decades, Tokyo has been “amongst our greatest allies in the delivering security for the American people.”

The trial for Nippon Steel Corp's lawsuit seeking to nullify former U.S. President Joe Biden's decision to block its $14.1 billion takeover of U.S. Steel Corp is set to begin in early February, court documents obtained by Kyodo News showed Monday.

U.S. Steel shares jumped Monday on a report that Cleveland-Cliffs is teaming up with rival Nucor for a potential bid for the company, whose $14.1 billion buyout by Nippon Steel was recently blocked by President Joe Biden.

He said he would relocate Cleveland-Cliffs' headquarters to Pittsburgh ... to abandon plans to acquire U.S. Steel after President Joe Biden blocked the deal. The new deadline, now in mid-June ...

Derek Hunter is the host of a free daily podcast ( subscribe!) and author of the book, Outrage, INC., which exposes how liberals use fear and hatred to manipulate the masses, and host of the weekly “ Week in F*cking Review ” podcast where the news is spoken about the way it deserves to be. Follow him on Twitter at @DerekAHunter.