Trump Celebrates Deal Between U.S. Steel And Nippon Steel
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Japan's Nippon Steel remains committed to acquiring a full stake in U.S. Steel , a senior executive said, adding that it is seeking a meeting with U.S. Treasury Secretary Scott Bessent to clarify President Donald Trump's stance on the deal.
Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF) remains committed to acquiring a full stake in US Steel (NYSE:X), Vice Chairman Takahiro Mori told Reuters on Tuesday, adding that the company is seeking a meeting with U.
In April, Trump directed the CFIUS to reassess the deal, raising hopes of a reversal, although he said in February the deal would take the form of an investment instead of a purchase.
Nippon Steel investors and analysts are asking if its $15-billion deal to buy U.S. Steel , backed but not yet approved by President Donald Trump, is positive for the near term, even if its hopes for strong U.
Japan’s Nippon Steel remains committed to acquiring a full stake in US Steel, a senior executive said, adding that it is seeking a meeting with US Treasury Secretary Scott Bessent to clarify President Donald Trump’s stance on the deal.