Nippon Steel President Confident on $14B U.S. Steel Deal Despite Biden Administration Concerns

Nippon Steel's new president vows to press on with $14.1B acquisition of U.S. Steel, says it's vital to make them more competitive
Says Nippon has tech like high-end electric steel sheets for autos that U.S. Steel lacks; will share 2,000+ patents after acquisition
Remarks come as Biden insists U.S. Steel should be "domestically owned"; risks souring relations with ally Japan
Nippon not considering alternatives, focused on negotiating with steelworkers union for support
Previous president who launched bid now chairman; new president taking over top job