Nippon
Rolls of steel are seen before the US president speaks during a rally at US Steel – Irvin Works in the Pittsburgh suburb of West Mifflin, Pennsylvania, on May 30, 2025. Saul Loeb | AFP | Getty Images U.S. Steel shares stopped trading on the New York Stock Exchange on Wednesday after Japan’s Nippon Steel […]
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A year and a half after Nippon Steel unveiled its $14 billion bid for U.S. Steel, the acquisition could be finally drawing to a close. Last week, President Trump announced what he called a “partnership” between the Japanese and American steel giants. The statement by Mr. Trump . . .
WASHINGTON (AP) — President Donald Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “planned partnership” that seemed to signal that he’ll approve a bid by Japan-based Nippon Steel to make a big investment in the iconic American steelmaker, if not buy it outright. Still, […]
President Trump announced on Friday what appeared to be a go-ahead for a long contemplated tie-up between U.S. Steel and its Japanese rival, Nippon Steel. “This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy,” Mr. […]
Donald Trump has thrown his weight behind a “partnership” between US Steel and Nippon Steel, months after insisting he was “totally against” a $14.9bn bid by the Japanese firm for its US rival. While the US president stopped short of an all-out endorsement of the takeover, he announced a deal between the two businesses on […]
WASHINGTON (AP) — President Donald Trump on Friday suggested that Nippon Steel would no longer buy U.S. Steel as planned, but the Japanese company would instead invest in the symbolically important American business. The U.S. president mistakenly referred to Nippon Steel as “Nissan,” the Japanese automaker. But it’s Nippon Steel’s bid that generated controversy as […]
President Trump is considering allowing Japan’s Nippon Steel to complete its $14.1 billion acquisition of U.S. Steel, according to multiple sources. Approval of the transaction isn’t definite, and Mr. Trump has not made a final decision, sources say. He is meeting with Japanese Prime Minister Shigeru Ishiba Friday and is expected to discuss the merger, […]
KEY TAKEAWAYS U.S. Steel shares are jumping in premarket trading Monday after the U.S. government extended until June from next month a deadline for Nippon Steel to abandon its planned $14.1 billion acquisition of the American steelmaker. The deadline has been extended to June 18 from next month, the two companies said in a joint […]
The Biden administration has delayed until June an order for Nippon Steel to abandon its $14.9bn bid for US Steel, potentially giving the companies some time to revive the politically contentious deal. Joe Biden blocked the acquisition on national security grounds on 3 January . . .