Nippon Steel to concentrate on India if USS buy fails?

The re-election of Donald Trump in Tuesday's US presidential election will make Nippon Steel's goal of acquiring US Steel even more challenging, given Trump's repeated opposition to the Japanese steelmaker's takeover plans and his promise to block the deal instantaneously were he re-elected. This makes news from India of plans for a new integrated works there all the more significant.

According to Indian media reports, the government of southeast India's Andhra Pradesh state has concluded discussions with ArcelorMittal about building a greenfield integrated steelworks in Anakapalli district that will eventually have a capacity of 17.8 million tonnes/year. The vehicle for the project would be AM/NS India, the 60-40 joint venture