CORRECTED-BUZZ-US Steel rises after report Nippon Steel offers US veto over potential production cuts
ReutersDec 31, 2024 8:47 PM
Corrects first bullet point to remove reference to extended trading
** Shares of United States Steel X.N up 12% at $35
** Japan's Nippon Steel 5401.T has proposed giving the U.S. government veto power over any potential cuts to United States Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker, the Washington Post reported on Tuesday
** Up to last close, stock down 36% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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