US Steel up on report of CFIUS delaying decision on Nippon merger
** United States Steel's X.N shares rise 3.5% to $37.50 premarket
** Committee on Foreign Investment in the United States (CFIUS), the body reviewing Japanese firm Nippon Steel's 5401.T $14.9 bln bid for U.S. Steel, let the companies refile their application for the deal's approval, a person familiar with the matter told Reuters
** CFIUS needs more time to understand the deal's impact on national security and engage with the parties, the person said
** This delays a decision on the politically sensitive merger until after the Nov 5 U.S. presidential election
** Japan's NHK reports Nippon will refile application by Wednesday
** YTD, U.S. Steel stock has fallen 25.5%
Reporting by Aatreyee Dasgupta
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