Nippon Steel to Invest $6 Billion in Electric Furnaces
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U.S. Steel, Donald Trump and Pennsylvania
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Nippon Steel investors and analysts are asking if its $15-billion deal to buy U.S. Steel , backed but not yet approved by President Donald Trump, is positive for the near term, even if its hopes for strong U.
From the Japan-US tariff negotiations, to the latest on the Nippon Steel deal and the idea of a US-Japan sovereign wealth fund, Andrea Heng and Hairianto Diman get a round-up of the business headlines in Japan.
United Steelworkers raises concerns about Nippon Steel's partnership with U.S. Steel, seeking clarity on investment plans and workforce impact.
For Japan's top steelmaker, U.S. Steel is central to its global expansion strategy at a time when domestic demand is declining.
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President Donald Trump cleared Nippon's bid for U.S. Steel on Friday, referring to the deal as a "partnership."