Nippon Steel President Tadashi Imai said on Tuesday talks are set to start with the U.S. Department of Commerce as it aims to revive its bid to purchase U.S. Steel. The Japanese company's previous merger agreement with U.

Nippon Steel plans to meet with federal officials to work out a solution to the U.S. Steel takeover, and will use the existing merger agreement as a starting point in negotiations. The Japanese steelmaker’s chief operating officer,

While Trump has said Nippon Steel will not have a majority stake in U.S. Steel, Imai reiterated his company's intention to take over the iconic but struggling American counterpart.