From QuiverQuant: 2025-05-19 23:50:00

Nippon Steel has increased its bid for U.S. Steel to $14 billion, with $4 billion allocated for a new mill. The deal is under fresh review after being initially blocked by national security concerns. The proposal includes $11 billion for U.S. Steel’s infrastructure and a $1 billion investment for a greenfield site. Nippon Steel aims to secure access to the American market and its demand surge. The deal faces opposition from both President Trump and former President Biden, with a lawsuit challenging the legality of the review process. A rival bid from Cleveland-Cliffs could complicate Nippon Steel’s efforts.



Read more at QuiverQuant: Nippon Steel Raises Bid to $14B, Pledges New Mill for U.S. Steel (X) Deal