Nippon Steel won't import to America in bid to save U.S. Steel deal

Japanese company makes promise in letter to United Steelworkers union members

20241118N nippon steel logo REU

Japan's Nippon Steel has been facing an uphill battle in its attempt to acquire U.S. Steel. © Reuters

(Reuters) -- Nippon Steel will not import steel to the U.S. from its international mills, the Japanese company's Executive Vice President Takahiro Mori said on Monday in a letter to United Steelworkers union members.

Nippon is looking to close its $14.9 billion deal for U.S. Steel by the end of the year before President-elect Donald Trump, who has pledged to block the deal during his campaign, enters the White House in January.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.