Trump and Japanese PM say Japan is looking at investment in US Steel instead of purchase

Reuters

02-08

Trump and Japanese PM say Japan is looking at investment in US Steel instead of purchase

WASHINGTON, Feb 7 (Reuters) - U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba said on Friday Japan was looking at an investment in U.S. Steel X.N instead of an acquisition.

Japanese firm Nippon Steel's 5401.T bid to buy U.S. Steel was blocked last month by former President Joe Biden.

A White House official said that Trump, in the news conference, had mistakenly referred to Nippon Steel as "Nissan".

(Reporting by Trevor Hunnicutt and Nandita Bose, writing by Kanishka Singh; Editing by Chizu Nomiyama)

((Kanishka.Singh@thomsonreuters.com; +12024508248;))

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