HOME > NATION > Article

Text Size

small

medium

large


Nippon Steel Seen as Best Partner to U.S. Steel: Pres. Imai

Nippon Steel Seen as Best Partner to U.S. Steel: Pres. Imai

   Tokyo, April 1 (Jiji Press)--Nippon Steel Corp. is seen as the best partner to United States Steel Corp., President Tadashi Imai has said, defending his company's plan to acquire the iconic U.S. enterprise.
   "We are convinced that Nippon Steel will be most useful (for U.S. Steel) in achieving growth in the United States," he recently told media organizations including Jiji Press.
   Imai also said Nippon Steel will make a decision on investment in large electric furnaces by fiscal 2025 to accelerate its decarbonization efforts.
   If Nippon Steel makes U.S. Steel a wholly owned subsidiary as envisioned in the acquisition plan, the Tokyo-based company will be able to put in all its technologies into U.S. Steel, Imai said.
   "That will help strengthen the attractiveness of U.S. Steel's products, giving a big impact on the entire U.S. industry," he added.

To read a full story, please click here to find out how to subscribe.

NATION

HEADLINES

POLITICS
Japan's Kamikawa Urges Iranian Foreign Min. to Prevent Rise in Regional Tensions
ECONOMY
Elon Musk Unveils Plan to Charge New X Users Small Fee to Eliminate Bots
SPORTS
Rugby: Ex-New Zealand Coach Ian Foster to Join Coaching Staff of Toyota Verblitz
OTHER
Police Investigating 2 Burned Bodies Found on Riverbank in Nasu, Tochigi Pref.

AFP-JIJI PRESS NEWS JOURNAL


Photos