Nippon Steel doubles down on making US Steel a 100% subsidiary

Net profit seen falling to five-year low amid Trump tariffs, China glut

20250509N Nippon Steel

Nippon Steel President Tadashi Imai, left, announces fiscal 2024 results in Tokyo on May 9. (Photo by Satoko Kawasaki)

NAOKI MATSUDA

TOKYO -- Nippon Steel reiterated its interest in acquiring U.S. Steel on Friday, as tariffs by the Trump administration and other uncertainties facing the steel industry heighten the importance of the deal.

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