Nippon Steel’s (NPSCY) president said the steelmaker and the U.S. government have an understanding that its planned acquisition of U.S. Steel (X) will strengthen America’s steel industry and manufacturing sector, Reuters reports. “In my opinion, the U.S. government and we are moving closer to a mutual understanding that our acquisition of U.S. Steel, will help strengthen the U.S. steel industry and manufacturing through investment, including equity participation,” Nippon Steel President Tadashi Imai said to reporters, according to Reuters.
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