Nippon Steel Corp. remains positive about finalizing its $14.1 billion acquisition of United States Steel Corp. by the end of the year, despite opposition from both the current and incoming U.S. presidents.

The vice president of Nippon Steel, Takahiro Mori, emphasized that the deal could proceed if it successfully goes through due process and receives approval from the outgoing administration of President Joe Biden. Mori's statements show a consistent confidence in the timing of the potential takeover, which he reiterated last month.

The completion of the acquisition would be a significant move in the steel industry and demonstrate Nippon Steel's strategic ambitions in the U.S. market.