XM does not provide services to residents of the United States of America.

Nippon Steel exec flies to Washington in last attempt to save US Steel deal, FT reports



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-Nippon Steel exec flies to Washington in last attempt to save US Steel deal, FT reports</title></head><body>

Adds details from report in paragraph 2, background in paragraphs 4-6

Sept 10 (Reuters) -Japanese steelmaker Nippon Steel's 5401.T vice-chair will meet senior U.S. officials in Washington on Wednesday in an attempt to save its proposed $14.9 billion takeover of U.S. Steel X.N, the Financial Times reported on Tuesday.

Nippon's Takahiro Mori will meet several deputy cabinet secretaries involved with the Committee on Foreign Investment in the U.S. (CFIUS), the FT reported, citing people familiar with the situation.

Nippon, the White House and the U.S. Treasury Department did not immediately respond to Reuters' requests for comment.

CFIUS has told Nippon and U.S. Steel that themerger, which has faced opposition from Republican and Democratic lawmakers, would create national security risks as it could hurt the supply of steel needed for critical transportation, construction and agriculture projects.

Vice President and Democratic presidential candidate Kamala Harris has said she wants U.S. Steel to remain "American-ownedand operated."

Her Republican rival Donald Trump has pledged to block the deal if elected.



Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Janane Venkatraman

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.