BRIEF-Nippon Steel President Says Negotiations With US Government Over Its Planned Acquisition Of U.S. Steel Are Continuing

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BRIEF-Nippon Steel President Says Negotiations With US Government Over Its Planned Acquisition Of U.S. Steel Are Continuing

, Reuters - 1:53 AM ET 3/24/2025 default

March 24 (Reuters) - Nippon Steel Corp ( NISTF ):

* 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 ( NISTF ) PRESIDENT SAYS NEGOTIATIONS WITH US GOVERNMENT OVER ITS PLANNED ACQUISITION OF U.S. STEEL ARE CONTINUING

* NIPPON STEEL ( NISTF ) PRESIDENT: SEES MUTUAL UNDERSTANDING THAT THE DEAL WOULD STRENGTHEN US STEEL INDUSTRY IS DEVELOPING

* NIPPON STEEL ( NISTF ) 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:

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