THE US Treasury has informed Japan's Nippon Steel that the panel reviewing its proposed $14.9-billion purchase of US Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday.

The Treasury, which leads the Committee on Foreign Investment in the US (CFIUS), wrote to both companies on Saturday, saying the nine agencies on the panel were struggling to reach a consensus ahead of the deadline to submit a recommendation to President Joe Biden, the report added, citing several sources familiar with the talks.