Nippon Steel Exec: If We Can Buy U.S. Steel, Our Growth Potential Will Be Considerably Enhanced
Nov 7 (Reuters) -Nippon Steel Corp 5401.T:
NIPPON STEEL EXEC: AIM TO REDUCE ASSETS BY 230 BILLION YEN IN FY2024/25 THROUGH SELLING SHAREHOLDINGS, INCLUDING POSCO SHARES, UP FROM EARLIER ESTIMATE OF 30 BILLION YEN
NIPPON STEEL EXEC: NO DOUBT THAT WE WILL BE ABLE TO CLOSE U.S. STEEL DEAL BY END OF THIS YEAR AS WE BELIEVE U.S. AUTHORITIES WILL MAKE A DECISION ON REVIEW BY DEADLINE
NIPPON STEEL EXEC: U.S. STEEL DEAL IS IN LINE WITH TRUMP’S POLICY OF MAKING AMERICA STRONGER BY ATTRACTING FOREIGN INVESTMENT
NIPPON STEEL EXEC: WE BELIEVE WE WILL BE ABLE TO CLOSE U.S. STEEL DEAL BY YEAR END UNDER CURRENT US ADMINISTRATION, BUT WE NEED TO BUILD CLOSE RELATIONSHIP WITH NEW ADMINISTRATION AS WELL
NIPPON STEEL EXEC: US IS ESSENTIAL TO OUR CONTINUED GROWTH AS IT IS THE WORLD'S LARGEST MARKET FOR HIGH-GRADE STEEL AND A GROWING MARKET
NIPPON STEEL EXEC: IF WE CAN BUY U.S. STEEL, OUR GROWTH POTENTIAL WILL BE CONSIDERABLY ENHANCED
Source text: [ID:]
Further company coverage: 5401.T
Reporting by Rocky Swift
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