In his first local television interview since the announced sale of U.S. Steel to Nippon Steel, the president of the United Steelworkers International Union calls the deal bad for America and bad for steelworkers.

Source: https://biztoc.com/x/75643e69f1ea957b?ref=ff

One, Nippon Steel is the largest steelmaker in Japan, one of Washington’s closest allies — an alliance the State Department describes as “the cornerstone of US security interests in Asia and…fundamental to regional stability and prosperity”.

Source: https://indianexpress.com/article/explained/explained-global/why-the-white-house-is-opposing-japan-firms-bid-to-acquire-us-steelmaker-9079196/

South Korea's Supreme Court on Thursday upheld decisions by lower courts ordering two Japanese firms, Nippon Steel and Mitsubishi Heavy Industries, to pay damages to South Koreans for wartime labor.

Source: https://www.japantimes.co.jp/news/2023/12/21/japan/crime-legal/south-korea-japan-wartime-labor-ruling/

Ternium has had a participation in Usiminas since 2012 when it joined Nippon Steel and Previdência Usiminas in Usiminas Control Group.

Source: https://seekingalpha.com/article/4596862-ternium-s-tx-q1-2023-earnings-call-transcript?source=feed_all_articles

While South Korean businesses would contribute to the fund, Japan is reportedly considering allowing Japanese businesses to do so voluntarily in exchange for withdrawing demands for direct payments from Mitsubishi Heavy Industries and Nippon Steel.

Source: https://www.chiangraitimes.com/news/south-koreas-export-controls-lifted-as-part-of-japans-efforts-to-improve-relations/