Nippon Steel has agreed to sell its joint venture in a steel plant to ArcelorMittal if NSC gets to acquire U.S. Steel.

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This move comes as Nippon Steel seeks to alleviate regulatory concerns related to its proposed acquisition of US Steel.

Nippon Steel Corp. would sell its share of an Alabama steel plant if its proposed acquisition of United States Steel Corp. is approved, Nippon says.

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An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel, a deal that faces strong opposition from its workforce. The board, which was jointly ...