Nippon Steel is pursuing a $14.1 billion acquisition of US Steel, making a formal commitment on spending and jobs to the United Steelworkers union to gain support. Japanese lawmakers see the deal as a way to counter China's steel dominance. However, US senators, including Sherrod Brown and JD Vance, have raised concerns about Nippon Steel's ties to China, with Vance emphasizing the importance of not allowing a foreign entity with Chinese Communist party ties to acquire a major American steelmaker.
🚨Senator @JDVance1, colleagues flag Nippon Steel’s ties to China in takeover case “We cannot allow one of the largest American steelmakers to be gobbled up by a foreign entity with ties to the Chinese Communist party.” https://t.co/FtEzx7as7K
Fascinating - Senators opposing Nippon Steel / $X deal due to supposed ties between Nippon Steel and China. Nippon notes that <5% of its production is in China. Silly reason to oppose IMO, but this is about votes in PA, OH, and MI rather than logic. https://t.co/wNyWRsRNQw https://t.co/jzoJDxFz0u
U.S. Steel union rejects Nippon Steel's appeal for takeover support https://t.co/brVggT6VYK https://t.co/ejukpEHLop
⚠️ U.S. STEEL UNION REJECTS NIPPON STEEL'S APPEAL FOR TAKEOVER SUPPORT Full Story → https://t.co/ebik8n1q9t The union representing employees of United States Steel on Tuesday said it would not support Japanese firm Nippon Steel's draft agreement to gain support for its… https://t.co/EwN4vayzCv
US senator urges Biden to review alleged Nippon Steel ties to China https://t.co/hS5Ylwz3Vg https://t.co/qUiNXmTEnE
⚠️ US SENATOR URGES BIDEN TO REVIEW ALLEGED NIPPON STEEL TIES TO CHINA Full Story → https://t.co/VyAKR2AMpx The head of the U.S. Senate Banking Committee on Tuesday urged the White House to scrutinize the relationship between Nippon Steel and the Chinese steel industry,… https://t.co/8Ezn8pJwBh
US senators flag Nippon Steel’s ties to China in takeover case https://t.co/TfXZRyaSLU
US senators flag Nippon Steel’s ties to China in merger case https://t.co/vlDKqgryBn
SCOOP - US senators flag Nippon Steel’s China in new flank in political campaign to stop acquisition of US Steel. Ohio Senator Sherrod Brown has written to Biden to raise concerns. (@dimi & @KanaInagaki) https://t.co/j2EJG2U0E3
US SENATORS FLAG NIPPON STEEL’S TIES TO CHINA IN MERGER CASE - FT
Nippon Steel’s acquisition of United States Steel would strengthen economic security ties between the U.S. and Japan and help counter China’s dominance in steel-making, according to a senior Japanese ruling party lawmaker. https://t.co/IQTIQbOW7p
Nippon Steel makes formal pledge as it pushes for US Steel $X deal - Bloomberg; shares gain https://t.co/DYIEdvqaLO https://t.co/BcjZB7IUDo
Bloomberg: Nippon Steel Corp. made what it calls a formal commitment on spending and jobs to the United Steelworkers union...as the Japanese steelmaker looks to build support for its $14.1 billion acquisition of United States Steel Corp. https://t.co/wRak7utBGg
Nippon Steel made what it calls a formal commitment on spending and jobs to the United Steelworkers union as it looks to build support for its acquisition of US Steel https://t.co/TPWWGB5pcb
$X NIPPON STEEL MAKES FORMAL PLEDGE TO UNION IN PUSH FOR US STEEL
Japanese Lawmaker Says US Steel Deal Would Help Counter China Risks Biden and Trump have come out against Nippon Steel merger Amari says Japanese government will stay mum on the plan https://t.co/SbksaAuFXD
Nippon Steel emphasises its 'deep roots' in the US as it pursues U.S. Steel deal https://t.co/nxKJkXFvC8