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Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says
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Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says
Dec 24, 2024 9:50 PM

TOKYO, Dec 25 (Reuters) - Japan's Nippon Steel ( NISTF )

is seeing support for its proposal to acquire U.S. Steel

in the regions of the United States where steel mills are

located, Nippon Steel's ( NISTF ) President Tadashi Imai told reporters on

Wednesday.

On Monday, a U.S. foreign investment committee referred the

decision whether to approve or block the $15 billion deal to

U.S. President Joe Biden, who has 15 days to decide.

Biden and his incoming successor, Donald Trump, have both

expressed opposition to the purchase.

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