Nippon Steel confident of completing US Steel acquisition

Japan's top steelmaker Nippon Steel is confident of successfully completing its planned acquisition of U.S. Steel, despite opposition from labour union and certain U.S. senators, its president said on Friday.

The world's fourth-largest steelmaker's planned $14.9 billion deal has drawn criticism from Democratic and Republican lawmakers and the powerful United Steelworkers union, the main union at the third-largest U.S. steel company.

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