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Nippon Steel is intensifying efforts to secure its $15 billion acquisition of U.S. Steel amid resistance from political leaders and labor unions in the U.S.
Nippon Steel is intensifying efforts to secure its $15 billion acquisition of U.S. Steel amid resistance from political leaders and labor unions in the U.S. The company has emphasized its commitment to preserving jobs and enhancing American steel operations, aiming to convince workers and stakeholders. However, concerns over foreign ownership in a strategic industry and rising nationalist sentiment have added challenges to closing the deal, particularly with potential policy opposition from the incoming U.S. administration.