Biden admin scrutinizing Nippon Steel’s Chinese ops in USS deal: Report

Nippon Steel Corp.’s (NSC) operations in China are a potential security concern of the Biden administration, according to a Bloomberg report citing anonymous sources close to the matter.

The sources told Bloomberg that NSC’s exposure to China is worrisome to the administration, which is looking to safeguard the interests of American industry as the Japanese steelmaker seeks to acquire the iconic U.S. Steel.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.