Nippon Steel is making a final push to garner approval for the purchase of U.S. Steel. The Washington Post reports Japanese-based Nippon is offering a 10 year guarantee that it will not reduce production in the six states, including Pennsylvania, if the deal goes through.

Nippon Steel (NPSCY) proposed giving the U.S. government a veto over any reduction in U.S. Steel’s (X) production capacity in a final bid for

Shares of U.S. Steel gained following a Washington Post report that Nippon Steel proposed giving the U.S. government power to veto any reduction in the steelmaker's production capacity. The stock was up 7.

Nippon Steel Corp. has promised it will not cut output capacity at United States Steel Corp.'s mills for 10 years, in its latest proposal to the administration of President Joe Biden aimed at winning approval to acquire the struggling producer,