Nippon Steel President Says Negotiations With US Government Over Its Planned Acquisition Of U.S. Steel Are Continuing
Nippon Steel Corp is in ongoing negotiations with the US government regarding its planned acquisition of U.S. Steel. The president of Nippon Steel expressed optimism about mutual understanding that the deal could strengthen the US steel industry. Additionally, concerns were raised by the Japan Steel Federation chairman about US tariffs on steel and automobiles potentially impacting Japan's steel production, and the need for the Japanese government to take trade actions to address these issues.
March 24 (Reuters) - Nippon Steel Corp (5401.T) :
JAPAN STEEL FEDERATION CHAIRMAN SAYS US TARIFF ON STEEL AND AUTOMOBILES MAY DENT JAPAN’S STEEL PRODUCTION BY SEVERAL MILLIONS OF METRIC TONS
JAPAN STEEL FEDERATION CHAIRMAN: CONCERNED THAT MORE OVERSEAS STEEL MAY HEAD TO JAPAN WHERE NO TRADE PROTECTION MEASURES HAVE BEEN TAKEN
JAPAN STEEL FEDERATION CHAIRMAN: HOPING JAPANESE GOVERNMENT TO TAKE CONCRETE TRADE ACTIONS TO REFLECT OUR CONCERNS
JAPAN STEEL FEDERATION CHAIRMAN: EXCESSIVE SUPPLIES FROM CHINA SOLD AT LOW PRICES ARE PRESSURING GLOBAL STEEL MARKETS
NIPPON STEEL PRESIDENT SAYS NEGOTIATIONS WITH US GOVERNMENT OVER ITS PLANNED ACQUISITION OF U.S. STEEL ARE CONTINUING
NIPPON STEEL PRESIDENT: SEES MUTUAL UNDERSTANDING THAT THE DEAL WOULD STRENGTHEN US STEEL INDUSTRY IS DEVELOPING
NIPPON STEEL PRESIDENT: WILL CONTINUE TALKS TO AGREE ON CONDITIONS FOR EQUITY PURCHASE AND CAPITAL SPENDING AMONG OTHERS
JAPAN STEEL FEDERATION CHAIRMAN: HOPE JAPAN GOVERNMENT TO CONTINUE NEGOTIATIONS WITH US COUNTERPART TO WIN AN EXEMPTION OF TARIFFS ON JAPAN STEEL Further company coverage: (5401.T)
