May 9 (Reuters) - Nippon Steel ( NISTF ) Vice Chairman
Takahiro Mori is headed to Washington next week as the company
seeks to win approval of its $15 billion bid for U.S. Steel
, a person familiar with the matter said.
Semaphor, which first reported news of the visit, said
Mori would meet with Trump administration officials during the
trip, citing sources.
U.S. Steel and Nippon Steel ( NISTF ) did not immediately respond to
requests for comment.
Former President Joe Biden blocked the proposed tie-up
in January citing unspecified national security concerns related
to a national security review of the deal led by the Committee
on Foreign Investment in the US.
After the decision, the two companies sued CFIUS, which
scrutinizes foreign investments for national security risks,
alleging that Biden had prejudiced the committee's decision and
violated the companies' right to a fair review.
They argued Biden did so in 2024 by expressing
opposition to the deal when he was running for re-election to
win support from the United Steelworkers union in the swing
state of Pennsylvania, where U.S. Steel is headquartered. The
Biden administration had defended the review as essential to
protecting security, infrastructure, and supply chains.
In April, President Donald Trump
directed CFIUS to take a fresh look
at the merger to help determine if "further action" is
appropriate, raising hopes that the deal could gain an elusive
green light.
But Trump has since doubled down
on comments expressing opposition to the deal, saying later
that month that he didn't think a foreign company should control
U.S. Steel, dimming hopes for approval.