REFILE-Nippon Steel chief says U.S. Steel takeover talks still ongoing with Washington
ReutersMar 24, 2025 7:31 AM
TOKYO, March 24 (Reuters) - Nippon Steel's 5401.T negotiations with the U.S. government regarding its planned acquisition of U.S. Steel X.N are still ongoing, President Tadashi Imai said on Monday.
Imai said a mutual understanding is developing that the deal would bolster the U.S. steel industry. Talks will continue and aim to reach an agreement on conditions for equity purchase and capital spending, among other aspects, he added.
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