(250107) — TOKYO, Jan. 7, 2025 (Xinhua) — This photograph taken on Jan. 7, 2025 reveals the headquarter of Japan’s Nippon Steel in Tokyo, Japan. Japan’s Nippon Steel CEO Eiji Hashimoto stated Tuesday U.S. President Joe Biden’s choice to dam its acquisition of United States Steel was politically motivated, whereas stressing the corporate has no intention to surrender on the takeover deal.
Hashimoto informed a press convention that the Japanese metal big would proceed to combat for a profitable buyout of U.S. Steel because it has filed lawsuits towards the U.S. authorities in addition to rival metal firm Cleveland-Cliffs Inc., its CEO and the president of the United Steelworkers labor union. (Xinhua/Zhang Xiaoyu)