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Nippon Steel declines to comment on Trump statement opposing majority stake in U.S. Steel
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Nippon Steel declines to comment on Trump statement opposing majority stake in U.S. Steel
Feb 9, 2025 4:03 PM

TOKYO, Feb 10 (Reuters) - Japan's Nippon Steel ( NISTF )

on Monday declined to comment on U.S. President Donald Trump's

statement that no one can have a majority stake in U.S. Steel

.

Trump made the statement on Sunday when speaking to

reporters on Air Force One.

On Friday, Trump said Nippon Steel's ( NISTF ) $14.9 billion bid for

U.S. Steel would take the form of an investment instead of a

purchase, even as two sources familiar with the matter said the

Japanese steel company had not withdrawn its bid.

It was unclear if the investment referred to a new deal

structure and what the details of the transaction would be, but

Trump said on Friday he would meet with the head of Nippon Steel ( NISTF )

this week and he would be involved "to mediate and arbitrate."

(Reporting by Yuka Obayashi; Editing by Lincoln Feast.)

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