Challenges await Nippon Steel in buyout of U.S. icon

From geopolitics to greener steel, Japanese giant must tread carefully

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The U.S. Steel Edgar Thompson Works in Braddock, in the U.S. state of Pennsylvania. © Reuters

ATSUSHI NAKAYAMA, Nikkei commentator

TOKYO -- At the crossroads of protectionism and geopolitics lies the complex challenge of Nippon Steel's pursuit of an American icon. While U.S. Steel's prestige has waned, leaving it in third place nationally, Nippon Steel seeks to bolster U.S. environmental policies through this acquisition. The task at hand involves deftly appealing to national sentiment and navigating intricate political currents.

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