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

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

March 24 (Reuters) - Nippon Steel Corp 5401.T:

  • 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 PRESIDENT SAYS NEGOTIATIONS WITH US GOVERNMENT OVER ITS PLANNED ACQUISITION OF U.S. STEEL ARE CONTINUING

  • NIPPON STEEL PRESIDENT: SEES MUTUAL UNDERSTANDING THAT THE DEAL WOULD STRENGTHEN US STEEL INDUSTRY IS DEVELOPING

  • NIPPON STEEL 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: 5401.T

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