The vice chairman of Nippon Steel plans to return to the United States this week for more talks on the proposed takeover of US Steel and will explore selling some assets if necessary for the deal to go through .
Vice Chairman Takahiro Mori’s visit, so soon after a May 20-26 trip, underscores Nippon Steel’s efforts to complete the purchase amid growing regulatory scrutiny and political opposition. That includes opposition from President Joe Biden, who wants US Steel to remain in his own hands, and objections from the powerful United Steelworkers (USW) union over fears of job losses.
The deal would give Nippon Steel greater access to the profitable US market and advance its long-term financial goals.
