Nippon Steel says shares view with Washington that US Steel deal will boost US industry

From channelnewsasia.com

Nippon Steel's president said on Monday that the Japanese steelmaker and the U.S. government share a mutual understanding that its planned acquisition of U.S. Steel will strengthen the American steel industry and manufacturing sector. "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 told reporters. Japan's biggest steelmaker and U.S. Steel will continue negotiations with the U.S. government ... (full story)