From Yahoo Finance: 2025-05-25 20:51:00

President Trump’s support of Nippon Steel’s $14.9 billion bid for U.S. Steel raised questions about the deal’s scope and costs, causing muted gains in shares. The planned partnership aims to create 70,000 jobs and add $14 billion to the U.S. economy, with most of the investment in the next 14 months.

Trump stated the U.S. will control U.S. Steel in the partnership, but it’s unclear if this means full acquisition. U.S. Steel shares surged 21% upon Trump’s comments, reflecting uncertainty. Nippon Steel praised Trump’s support, highlighting the benefits of expanding into the U.S. market for growth and new opportunities.

Analysts expressed concerns about the costs of the deal for Nippon Steel. Despite an initial rise, Nippon Steel’s shares fluctuated in Tokyo trading. The deal is crucial for Nippon Steel’s global expansion strategy, aiming to boost production and leverage technological strengths in high-grade steel for growth in the U.S. market.



Read more at Yahoo Finance: Trump’s backing for Nippon’s US Steel bid leaves key questions unanswered