U.S. Steel deal review called into question over independence concerns

Republicans urge agencies to preserve documents related to CFIUS query

A national security review of Nippon Steel's purchase of U.S. Steel is expected to be completed by the end of the year. © Reuters

RYOHEI YASOSHIMA, Nikkei staff writer

November 27, 2024 01:30 JST

WASHINGTON -- Republican lawmakers have sent a letter to cabinet members in U.S. President Joe Biden's administration expressing doubt about the independence of a review into Nippon Steel's pending purchase of U.S. Steel.

The letter, dated Friday, requests communications between the White House and the Committee on Foreign Investment in the United States (CFIUS) be preserved so the U.S. Steel deal could be probed for potential political interference in the decision-making process.