Nippon Steel’s Imai Says US Steel Deal Would Strengthen Industry

Nippon Steel executives continue to promote the advantages of a transaction with rival US Steel, despite resistance from President Donald Trump.

• “This is a project that will contribute to strengthening the American steel industry,” President Tadashi Imai said at Japan Iron & Steel Federation press event in Tokyo on Monday
  • Talks with the companies and US authorities are ongoing, Imai says
• US won’t support outright purchase of US Steel, Trump said last month. He endorsed idea of Nippon Steel making an investment in the US company at a joint press conference with Japanese Prime Minister Shigeru Ishiba
• “We are continuing ...