May 21st is the deadline for the Committee on Foreign Investment in the United States (CFIUS) to re - review Nippon Steel Corporation's acquisition of U.S. Steel. According to a report by Japan's Kyodo News on the 20th, Nippon Steel has proposed to the U.S. government that if its plan to take full control of U.S. Steel is approved, it intends to significantly increase its investment in U.S. Steel's business.
Reuters reported on the 19th that if the U.S. government approves the acquisition of U.S. Steel, Nippon Steel has proposed an investment of up to $14 billion, including a $40 - billion investment in a new steel mill of U.S. Steel.
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