US Steel (X) and Nippon Steel's proposed merger drew a split response from a US National Security panel, though most members believe concerns can be resolved, Reuters reported Thursday, citing a White House official.

The Committee on Foreign Investment in the US reportedly submitted its recommendation to President Donald Trump on Wednesday following a review mandated by executive order.

Nippon Steel recently raised its investment commitment to $14 billion in a bid to address national security risks, Reuters reported.

While the panel was not unanimous, the majority concluded the risks could likely be mitigated, the news outlet quoted the White House official as saying.

Nippon Steel President Tadashi Imai reportedly said talks with the US government are in their final stage and that the company awaits Trump's decision.

Nippon Steel and US Steel did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)