Nippon Steel bets on $11 billion investment, tech transfer to lift U.S. Steel profit
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) -Japan’s Nippon Steel plans to increase profit at U.S. Steel through an $11 billion investment and the transfer of its operational techniques and advanced technologies to expand capacity and add more high-grade products, a senior executive said. Nippon Steel’s $14.9-billion acquisition of U.S. Steel closed…