Nippon Steel (NPSCY) intends to pursue its proposed acquisition of U.S. Steel (X) and wants its “deep roots” in the United States to be recognized, its new president said – remarks that come after U.S. President Joe Biden expressed opposition to the deal, Reuters’ Yuka Obayashi and Ritsuko Shimizu report. “What U.S. politicians are concerned about is jobs and whether U.S. Steel can develop as an iconic U.S. company in the U.S.,” Tadashi Imai told reporters last week before he took on his new role on Monday. “I am convinced that we’re the most useful partner to help U.S. Steel grow in the United States,” he added.
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