(Bloomberg) -- Japanese steelmaker shares advanced after a report Arcelor Mittal may acquire AK Steel Corp., the No. 3 U.S. maker of the alloy, prompting speculation reorganization will extend to the domestic industry.
Nippon Steel Corp. climbed 0.9 percent, a fifth day of gains. Sumitomo Metal Industries Ltd. jumped 2.2 percent, its fourth straight advance.
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