Japanese PM Candidate Calls for US Cooperation Against China’s Cheap Steel

Published on September 15, 2024

Leading prime ministerial candidate Shinjiro Koizumi called for U.S. cooperation against the “shared challenge” of China’s steel industry. China is the world’s top steelmaker, and both Japan and the United States are trying to curb cheap Chinese steel imports to protect local industries. “If China, producing cheap steel without renewable or clean energy, floods the global market, it will most adversely affect us, the democratic countries playing by fair market rules,” Koizumi said Sept. 14. Meanwhile, the Japanese firm Nippon Steel Corporation, the world’s fourth largest steelmaker, is hoping to acquire the U.S. Steel firm. Steel Deal Last year, Nippon Steel announced it would purchase U.S. Steel for $14.9 billion cash. U.S. Steel shareholders approved the offer in April, and union workers oppose the deal, as do presidential candidates Vice President Kamala Harris and former President Donald Trump....

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