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US Steel bid matches Trump goals: Nippon

February 07, 2025

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Financial Express Kochi

NIPPON STEEL, JAPAN's biggest steelmaker, on Thursday said its proposed acquisition of US Steel fits with President Donald Trump's goal of a stronger US as the leaders of the two allies prepared to meet.

- Yuka Obayashi & Katya Golubkova

Nippon Steel's bid for US Steel, key to the Japanese company's global expansion plan, was blocked last month by then-US president Joe Biden, citing national security. Together with US Steel, it filed a number of lawsuits challenging Biden's decision.

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