WASHINGTON, Jan 11 (Reuters) - U.S. Steel said in a

statement on Saturday that the Biden administration will hold

off enforcing a requirement laid out in an executive order this

month that Nippon Steel ( NISTF ) abandon its $14.9 billion bid for U.S.

Steel.

The parties previously had 30 days to unwind their

transaction.

The delay will give the courts time to review a legal

challenge brought by the parties earlier this month against

President Joe Biden's order.