Reuters reported last week that Nippon Steel floated plans to invest $14 billion in U.S. Steel's operations, including up to $4 billion in a new steel mill if the deal wins Trump's approval.

US Steel stock jumped nearly $10 a share after Trump’s announcement in the final half-hour of trading — closing up $9.11 to finish the week up nearly 30% from its Monday open.

The deal brings an end to the long-running saga over foreign ownership of a key national asset which began in December 2023, when US Steel and Nippon Steel announced plans for a $14.9 billion ...

President Trump announced on Friday a new partnership between U.S. Steel and Japanese firm Nippon Steel. While the president’s statement didn't explicitly endorse Nippon’s plan to take over ...

U.S. President Donald Trump's comments supporting Nippon Steel's $14.9 billion bid for U.S. Steel left lingering questions about the scope of the deal and its costs for the Japanese firm, ...

President Donald Trump announced his endorsement of a "planned partnership" between U.S. Steel and Japan's Nippon Steel on Friday, a deal he claims will be the largest economic investment in ...

In West Mifflin, Trump doubles tariffs but offers few details on U.S. Steel, Nippon 'partnership' 90.5 WESA | By Chris Potter Published May 30, 2025 at 5:11 PM EDT ...

McCormick, a Trump ally, estimated the Nippon deal would salvage up to 10,000 jobs in the Keystone State and add 10,000 to build and operate another arc furnace at a to-be-determined location.

President Donald Trump on Friday announced a partnership between United States Steel Corp. and Japan’s Nippon Steel Corp., shocking markets with an agreement he said would keep the once-iconic ...

Trump announced a dramatic hike in tariffs on steel imports to 50%, hailing it as a boost for American workers, while backing the Nippon Steel acquisition.

Trump joined executives from some of the largest U.S. tech and energy companies in Pittsburgh as the administration prepares ...