Biden says U.S. Steel should remain American-owned

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U.S. President Joe Biden's statement on the deal will come as a blow to Japanese steelmaker Nippon Steel. © Reuters

KEN MORIYASU and RINTARO TOBITA, Nikkei staff writers

WASHINGTON -- U.S. President Joe Biden expressed his desire that steelmaker U.S. Steel remains American-owned in a statement Thursday.

"It is important that we maintain strong American steel companies powered by American steel workers," the president said in the statement shared with Nikkei.

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