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 merger.

Some political leaders and big names from the tech and AI industries were at the Inaugural Pennsylvania Energy and Innovation ...

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.

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.

In December 2023, U.S. Steel, the storied industrial giant, announced it would be acquired by Japanese conglomerate Nippon Steel. The announcement drew swift, bipartisan condemnation. Presidents ...

Trump clears Nippon merger with US Steel By Spencer Kimball, CNBC • Published 2 hours ago • Updated 42 mins ago • Published 2 hours ago • Updated 42 mins ago ...

While Trump appeared to stop short of endorsing Nippon Steel’s proposed $14.1 billion takeover of US Steel, shares of the American steelmaker surged as much as 26%, on apparent optimism over the ...