Arab Steel Summit

January 5, 2025

Tokyo regrets decision to block US Steel acquisition

Japan’s industry minister said US President Joe Biden’s decision to block Japanese steel giant Nippon Steel from acquiring US steel giant US Steel was “regrettable and incomprehensible”. Japan’s Minister of Economy, Trade and Industry Yuji Muto said in a statement that “it is incomprehensible and regrettable that the Biden administration would make such a decision

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