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Nippon Steel CEO doubles down on pledge to acquire U.S. Steel after suing Biden administration

7 January 2025
in World
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Nippon Steel CEO doubles down on pledge to acquire U.S. Steel after suing Biden administration
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Japan’s Nippon Steel CEO reaffirmed the company’s commitment to acquiring U.S. Steel despite being sued by the Biden administration over the blocked merger. The two companies initiated lawsuits, stating their confidence in the deal’s benefits for U.S. Steel’s future. Nippon Steel’s CEO emphasized the company’s determination to expand operations in the U.S. and rejected any alternative plans aside from pursuing the acquisition of U.S. Steel.

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Tags: acquireadministrationBidenbusiness newsCEOCommodity marketsDonald TrumpdoublesEiji HashimotoJapanJoe BidenNipponpledgeSteelsuingU.SUnited States
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