News Formal

U.S. Senate Banking Committee Urges White House to Scrutinize Nippon Steel's Relationship with Chinese Steel Industry

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 11 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 53%

Politics News

U.S. Senate Banking Committee,White House,Nippon Steel

The head of the U.S. Senate Banking Committee has called on the White House to investigate the relationship between Nippon Steel and the Chinese steel industry due to national security concerns. This comes as there is bipartisan opposition in Congress to Nippon Steel's $14.9 billion deal to acquire U.S. Steel Corp.

The head of the U.S. Senate Banking Committee has called on the White House to investigate the relationship between Nippon Steel and the Chinese steel industry due to national security concerns. This comes as there is bipartisan opposition in Congress to Nippon Steel's $14.9 billion deal to acquire U.S. Steel Corp.

Senator Sherrod Brown urged President Biden to thoroughly investigate the allegations raised in a report by consultancy Horizon Advisory and to assess Nippon Steel's ties to the Chinese government

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nippon Steel says US Steel acquisition wouldn't cause layoffs, plant closuresNippon Steel said that its planned acquisition of U.S. Steel for nearly $15 billion wouldn't cause layoffs or plant closures amid resistance from the Biden administration and unions.
Source: FoxBusiness - 🏆 458. / 53 Read more »