BRIEF-Nippon Steel President Says Negotiations With US Government Over Its Planned Acquisition Of U.S. Steel Are Continuing-February 2024-www.financetom.com

BRIEF-Nippon Steel President Says Negotiations With US Government Over Its Planned Acquisition Of U.S. Steel Are Continuing

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BRIEF-Nippon Steel President Says Negotiations With US Government Over Its Planned Acquisition Of U.S. Steel Are Continuing

Mar 23, 2025 11:06 PM

March 24 (Reuters) - Nippon Steel Corp ( NISTF ):

* JAPAN STEEL FEDERATION CHAIRMAN SAYS US TARIFF ON STEEL

AND

AUTOMOBILES MAY DENT JAPAN'S STEEL PRODUCTION BY SEVERAL

MILLIONS OF METRIC TONS

* JAPAN STEEL FEDERATION CHAIRMAN: CONCERNED THAT MORE

OVERSEAS

STEEL MAY HEAD TO JAPAN WHERE NO TRADE PROTECTION MEASURES HAVE

BEEN TAKEN

* JAPAN STEEL FEDERATION CHAIRMAN: HOPING JAPANESE

GOVERNMENT TO

TAKE CONCRETE TRADE ACTIONS TO REFLECT OUR CONCERNS

* JAPAN STEEL FEDERATION CHAIRMAN: EXCESSIVE SUPPLIES FROM

CHINA

SOLD AT LOW PRICES ARE PRESSURING GLOBAL STEEL MARKETS

* NIPPON STEEL ( NISTF ) PRESIDENT SAYS NEGOTIATIONS WITH US

GOVERNMENT OVER

ITS PLANNED ACQUISITION OF U.S. STEEL ARE CONTINUING

* NIPPON STEEL ( NISTF ) PRESIDENT: SEES MUTUAL UNDERSTANDING THAT THE

DEAL

WOULD STRENGTHEN US STEEL INDUSTRY IS DEVELOPING

* NIPPON STEEL ( NISTF ) PRESIDENT: WILL CONTINUE TALKS TO AGREE ON

CONDITIONS FOR EQUITY PURCHASE AND CAPITAL SPENDING AMONG OTHERS

* JAPAN STEEL FEDERATION CHAIRMAN: HOPE JAPAN GOVERNMENT TO

CONTINUE NEGOTIATIONS WITH US COUNTERPART TO WIN AN EXEMPTION OF

TARIFFS ON JAPAN STEEL

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