Tokyo, Nov 7, 2024 (AFP) - Nippon Steel says expects to close US Steel takeover by end of 2024

NAMPA / AFP

2024-11-07

Japan's Nippon Steel said on Thursday that it still expects to close its takeover of US Steel this year, despite opposition from both President Joe Biden and president-elect Donald Trump. Ahead of the US election, Trump vowed to block the deal worth more than $14 billion. His vice-president elect J.D. Vance also led congressional opposition to the takeover, describing domestic steel production as a national security priority. A Nippon Steel earni......

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