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

The Japanese firm Nippon Steel Corporation, the world’s fourth largest steelmaker, is currently hoping to acquire U.S. Steel.

Former Environment Minister Shinjiro Koizumi, a candidate of Japan's ruling Liberal Democratic Party (LDP) for the presidential election, speaks during a joint news conference at the LDP headquarters in Tokyo, Japan, on Sept. 13, 2024. Franck Pobichon - Pool/Getty Images

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.