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President Trump supports the Japanese company’s taking a stake in the American steel maker after the U.S. blocked a $14 billion takeover bid. By Alan Rappeport Alan Rappeport reports on economic ...

Nippon Steel said on Thursday its April-December net profit dropped 18% to 362 billion yen ($2.4 billion) amid sluggish steel demand in Japan and overseas. "Increases in exports due to the ...

President Trump said he supported Nippon Steel to invest in U.S. Steel instead of purchasing it at a press conference with Japanese Prime Minister Shigeru Ishiba. Photo: Mandel Ngan/AFP/Getty ...

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President Donald Trump on Friday suggested that Nippon Steel would no longer buy U.S. Steel as planned, but the Japanese company would instead invest in the symbolically important American business.