US Steel rises after report Nippon Steel, company in active talks to seal merger

U.S. Steel's shares X.N rise 6.9% to $45.92 premarket

Nippon Steel 5401.T and company in active talks about a deal that would preserve their $14 billion merger, Semafor reports

In recent meetings with White House officials, Nippon has offered to increase the $2.7 billion it had previously offered to upgrade U.S. Steel factories to as much as $7 billion - report

U.S. President Donald Trump said in February that he won't mind if Nippon Steel took a minority stake in U.S. Steel