Biden determined to keep US Steel in US hands, White House says

Nippon Koshuha Steel Co

09/05/2024 16:53

WASHINGTON, May 9 (Reuters) - U.S. President Biden
remains determined to make sure U.S. Steel remains in American
hands, White House national security adviser John Kirby said on
Thursday.
    The European Commission on Monday approved  Japan's Nippon
Steel  5401.T  $14.9 billion buyout of U.S. Steel  X.N  , saying
the deal does not raise competition concerns despite the
political opposition that it faces in the United States.

 (Reporting by Trevor Hunnicutt and Doina Chiacu;)
 ((doina.chiacu@thomsonreuters.com; 202-898-8322;))