Washington, Dec 31, 2024 (AFP) - Nippon Steel sends Biden new US Steel proposal to win support: report

NAMPA / AFP
2025-01-01
Nippon Steel has sent the White House a new proposal on US Steel, attempting to get the green light from President Joe Biden to acquire the American company, a US media report said Tuesday. The proposition involves giving the US government a veto over reducing US Steel's production capacity, reported The Washington Post. Nippon Steel was said to offer a 10-year guarantee that it would not cut production capacity at US Steel's mills in areas such......
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