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Japan's Nippon Steel offers governmental veto power for U.S. Steel production

Donald Trump

Jan. 1 (UPI) -- Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U.S. Steel if the federal government approves a proposed merger. Nippon Steel officials want to buy Pittsburgh-based U.S. Steel for $15 billion, but President Joe Biden has opposed the deal. Advertisement President-elect Donald Trump also opposes the proposed merger. Nippon Steel on Tuesday tendered a new offer that includes the newly proposed veto power in

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Japan's Nippon Steel offers governmental veto power for U.S. Steel production https://www.upi.com - 02.01.2025 04:42
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