US Warns against Nippon Merger with US Steel, Citing China Steel Glut

2024-09-05T035410Z_1206149204_RC2HX6AJTZVX_RTRMADP_3_U-S-STEEL-M-A-NIPPON-STEEL-BIDEN
WASHINGTON, Sept 5 (Reuters) – Nippon Steel’s proposed $14.9 billion takeover of U.S. Steel would create national security risks because it could hurt the supply of steel needed for critical transportation, construction and agriculture projects, the U.S. said in a letter sent to the comp...

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