Published on 19 Nov 2024 on Benzinga
Nippon Steel Execs Rally Support in Pennsylvania Amid Pushback On US Steel...
Nippon Steel NISTF executives have traveled to Pennsylvania to garner support for their $15 billion acquisition bid for U.S. Steel X. The Japanese steel giant is encountering political resistance in Washington.
What Happened: Takahiro Mori, vice-chair of Nippon Steel, arrived in Pittsburgh on Saturday to advocate for the acquisition. The deal faces opposition from both President Joe Biden and President-elect Donald Trump, who prefer U.S. Steel to remain under American ownership, the Financial Times reported on Tuesday.