CFIUS Sees Risk From Potential Supply Chain Disruption To Sectors Critical To National Security Particularly Transportation, Infrastructure, Construction And Agriculture Arising From Deal; Notes Among Deal Risks That Nippon Steel Is Expanding In India Where Production Costs Are Much Lower Than In U.S.
Portfolio Pulse from Benzinga Newsdesk
The Committee on Foreign Investment in the United States (CFIUS) has identified potential risks to national security from supply chain disruptions in critical sectors such as transportation, infrastructure, construction, and agriculture. These risks are linked to a deal involving Nippon Steel, which is expanding in India where production costs are lower than in the U.S.
September 05, 2024 | 6:31 pm
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CFIUS has raised concerns about supply chain risks in critical sectors due to Nippon Steel's expansion in India, which could impact U.S. steel production and companies like U.S. Steel (X).
The expansion of Nippon Steel in India, where production costs are lower, could lead to increased competition and potential supply chain disruptions in the U.S. steel industry, affecting companies like U.S. Steel.
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