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Source: Nippon Steel executive headed to Washington next Week in order to push for US Steel agreement

Nippon Steel Vice Chair Takahiro Muri will be in Washington next week to try to get approval for its $15 billion offer to buy U.S. Steel, according to a source familiar with the situation.

Semaphor reported the news first, and cited sources to say that Mori will meet with officials of the Trump administration during his trip.

U.S. Steel & Nippon Steel didn't immediately respond to comments.

The former president Joe Biden, citing concerns about national security that were not specified and related to the national security review conducted by the Committee on Foreign Investment in the US on the deal in January, blocked the proposed tie up.

The two companies then sued CFIUS (which examines foreign investments to determine if they pose a national security risk), claiming that Biden had influenced the committee's decisions and violated their right to an impartial review.

Biden, they claimed, did this in 2024 when he expressed opposition to the agreement while running for reelection in Pennsylvania (a swing state), where U.S. Steel has its headquarters. The Biden administration defended the review, claiming it was essential for protecting infrastructure, security and supply chains.

In April, Donald Trump was elected President

CFIUS was asked to conduct a new review

The merger will be evaluated to determine if “further action” is necessary, raising the hope that the deal may finally get the green light.

Since then, Trump has doubled down

On comments opposing the deal, he said later that month he didn't believe a foreign company could control U.S. Steel. This dimmed hopes of approval. Reporting by Alexandra Alper and Arsheeya Bjwa, both in Washington; editing by Shilpa Majumdar and Chizu Niyama

(source: Reuters)