Nippon Steel urges USW leadership to participate in negotiations to promote the acquisition of United States Steel Corporation (X.US).

In Vice Chairman Takahiro Mori of Nippon Steel Corporation stated on Tuesday that the company is still committed to negotiating with the United States Steel Corporation Workers' Union (USW) regarding its acquisition of United States Steel Corporation (X.US). Mori, as the main negotiator for the acquisition deal, wrote in a letter to the employees of United States Steel Corporation that USW President David McCall "has not seriously considered any of our proposals" and that "we only need the leadership of USW to sit down at the negotiating table, and we hope they will do so in the near future." David McCall responded, "Nippon Steel has never made a commitment that cannot be easily revoked." "Its so-called guarantees are conditional, allowing Japanese executives from Tokyo to change business plans at any time, leaving workers and their communities vulnerable." Before the US presidential election in November, the agreement faced opposition from prominent figures in both the Democratic and Republican parties, including Democratic candidate Kamala Harris and her Republican competitor Donald Trump. Mori stated in the letter that Nippon Steel is committed to long-term maintenance of the blast furnace operations at United States Steel Corporation, and will not use steel plates produced overseas, but will use plates produced by representative factories of United States Steel Corporation. Mori stated that the Japanese company will fulfill all commitments related to the agreement between United States Steel Corporation and the union, including labor, pensions, and insurance, and added that his company will not interfere in United States Steel Corporation's decisions on trade issues. The US National Security Council, responsible for reviewing the transaction, allowed the two companies to resubmit approval applications, delaying the decision on the politically sensitive merger case until after the November 5 presidential election. The two companies plan to complete the transaction by the end of December after obtaining regulatory approval. Nippon Steel stated on Tuesday that it will sell its 2.9 million shares of South Korea's POSCO to "improve asset efficiency." The timing of the sale and its impact on financial performance will be announced later, according to a statement by the largest steel manufacturer in Japan. The company plans to sell at least $211 million in assets this fiscal year in order to manage debt before the planned $14.9 billion acquisition of United States Steel Corporation.