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Nippon Steel Offers U.S. Government Veto Power in Bid for US Steel Approval, Source Says

2024-12-26T074227Z_725933433_RC2HX6AZGI34_RTRMADP_3_U-S-STEEL-M-A-NIPPON-STEEL

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Reuters

12:14 JST, January 1, 2025

Japan’s Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel’s production capacity, as part of its efforts to secure President Joe Biden’s approval for acquiring the American steelmaker, a source familiar with the matter said on Tuesday.

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