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Nippon Steel’s US Steel takeover plan has support in steelmaking areas, executive says

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TOKYO: Japan’s Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the United States where steel mills are located, Nippon Steel’s President Tadashi Imai told reporters on Wednesday.

President Biden to decide fate of Nippon Steel’s $15bn bid for US Steel

On Monday, a US foreign investment committee referred the decision whether to approve or block the $15 billion deal to US President Joe Biden, who has 15 days to decide.

Biden and his incoming successor, Donald Trump, have both expressed opposition to the purchase.

Donald Trump Joe Biden US Steel US foreign investment committee Japan Nippon Steel Nippon Steel’s President Tadashi Imai

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