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United States Steel (X.US) posted its largest increase in a year, with reports that Nippon Steel proposed granting the U.S. government veto power over capacity cuts to seek approval for the Trade.

According to informed sources, Nippon Steel has proposed granting the United States government veto power over the capacity reduction of United States Steel, which is the company's final effort to gain approval from the U.S. government for the acquisition of United States Steel.

Zhitong FinanceDec 31 19:28 ET

Nippon Steel Offers U.S. Government Veto Power in Bid for U.S. Steel Approval, Source Tells Reuters

CNBCDec 31 18:44 ET

Express News | Nippon Steel Proposes Giving U.S. a Veto Over Any Reduction in U.S. Steel’s Production Capacity in Bid for Deal Approval -Source Familiar

ReutersDec 31 16:43 ET