Nippon Steel still committed to acquiring a full stake in U.S. Steel, senior executive says

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Japan’s Nippon Steel remains committed to acquiring a full stake in U.S. Steel X-N, a senior executive said, adding that it is seeking a meeting with U.S. Treasury Secretary Scott Bessent to clarify President Donald Trump’s stance on the deal. The steelmakers face a May 21 deadline for the completion of a renewed national security review by the Committee on Foreign Investment in the US (CFIUS) of the proposed $15-billion merger, which was blocked by former President Joe Biden on national security grounds in January following a prior review. In April, Trump directed the CFIUS to reassess the deal, raising...