Amid rising tensions over foreign investments in key industries, a U.S. Senator has urged the Biden administration to scrutinize a major steel industry deal. What Happened: The chair of the U.S. Senate Banking Committee has prompted the White House to investigate Nippon Steel‘s potential acquisition of U.S. Steel Corp (NYSE:X), highlighting national security worries, Reuters reported on Wednesday. Sen. Sherrod Brown (D-Ohio) expressed his apprehensions in a letter to President Joe Biden, referencing a report by Horizon Advisory that scrutinizes Nippon Steel’s connections with the Chinese steel…
