Japan’s Nippo’s US steel is expected to rise to $ 55 per share, say sources

Japan is expected to close the purchase of nippon steel Steel us Sources familiar with the issue of $ 55 per share told CNBC David Faber.

President Donald Trump Nippon has cleared its offer for the US Warl on Friday, referring to the transaction as “partnership.” Trump, Nippon will invest $ 14 billion in the next 14 months, he said. According to the President, the US Steel headquarters will remain in Pittsburgh.

US steel stocks were more than 1% on Tuesday. The United States is $ 55 for a share proposal for a steel, Nippon’s offer for the company before the deal in January.

There was President Joe Binden Blocked Nippon’s offer for US WarL, claiming that the contract will be jeopardized in critical supply chains. But Trump gave an order The newly reviewed review In April, despite the previous opposition to Nippon, the United States took the steel.

United Steelworkers Union Nippo opposed the offer to get us steel. USW President David McCall said he could not link the “union” on the “union” of the “union” on the “union” of the “without more information” on Friday. “

“Our concerns, a long and long and proven mark with a long and proven track record to violate trade law, and thousands of goodness will endure and” McCall “,” McCall “.

Trump, on Sunday, the transaction of the transaction to journalists “investment, partial property, but will be managed by the United States,” he said. Pennsylvania Senator Senator Dave McCormick spoke to CNBC on Tuesday that the United States of American Director General and board members will be from the United States

“It is a national security agreement to be signed with the US government,” McCormick said CNBC’s Squawk box. “Basically, the US government will require approval of a number of members of the US and will have a gold share that will ensure the cut of production levels.”

McCormick will invest in Nippon that $ 14 billion will invest $ 14 billion in Mon Valley outside Pittsburgh, which will go to US steel operations. It will simply earn 10,000 jobs in Pennsylvania and add 10,000 jobs in the building trading to add another arc oven.

When the Nipon asked what was the deal, McCormick Japanese steel producer will be “Absolute members of the Council and will be part of the overall corporate structure.”

“They asked the US market opportunity – it allowed it and allowed it to achieve its economic benefit,” McCormick said about Nippon. “They held talks, which was their offer.”

Trump, on May 30 on Friday, he will hold a rally in US steel in Pittsburgh.