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BRIEF-Nippon Steel President - Believe We Will Be Able To Get Approval From Us President Biden On Our Acquisition Of U.S. Steel If He Recognises Intrinsic Value Of The Deal
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BRIEF-Nippon Steel President - Believe We Will Be Able To Get Approval From Us President Biden On Our Acquisition Of U.S. Steel If He Recognises Intrinsic Value Of The Deal
Dec 24, 2024 9:30 PM

Dec 25 (Reuters) - Nippon Steel Corp ( NISTF ):

* JAPAN STEEL FEDERATION CHAIRMAN: CONSIDERING TO REQUEST

JAPAN

GOVERNMENT TO TAKE EFFECTIVE TRADE MEASURES AGAINST INCREASING

IMPORTED STEEL

* JAPAN STEEL FEDERATION CHAIRMAN: CHINA'S SUPPLY AND

DEMAND GAP

IN STEEL CONTINUES TO GROW, ALONG WITH ITS EXPORTS, MARKING A

DISTINCTLY DIFFERENT SITUATION COMPARED TO THE PAST

* JAPAN STEEL FEDERATION CHAIRMAN: STEEL AND OTHER

INDUSTRIES IN

JAPAN WILL BE GREATLY AFFECTED BY US TRADE POLICY NEXT YEAR

* NIPPON STEEL ( NISTF ) PRESIDENT: BELIEVE WE WILL BE ABLE TO GET

APPROVAL

FROM US PRESIDENT BIDEN ON OUR ACQUISITION OF U.S. STEEL IF HE

RECOGNISES INTRINSIC VALUE OF THE DEAL

* NIPPON STEEL ( NISTF ) PRESIDENT: OUR DEAL WILL STRENGTHEN US STEEL

AND

PROTECT JOBS OF THEIR EMPLOYEES

* NIPPON STEEL ( NISTF ) PRESIDENT: DEAL WILL ALSO STRENGTHEN US

STEEL

INDUSTRY AND US NATIONAL SECURITY

* NIPPON STEEL ( NISTF ) PRESIDENT: THERE IS A CONSIDERABLE SPREAD OF

SUPPORT FOR THE DEAL IN REGIONS WHERE US STEEL MILLS ARE LOCATED

Source text:

Further company coverage:

(Reporting by Tokyo Newsroom)

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