From Yahoo Finance: 2025-06-15 23:53:00

Nippon Steel shares surged after President Trump approved their $14.9 billion bid for U.S. Steel, securing access to the U.S. market. The approval followed union resistance and national security reviews. The deal includes $11 billion in new investments by 2028 and Nippon Steel will acquire 100% of U.S. Steel’s ordinary shares. The agreement is seen as reasonable and crucial for Nippon Steel’s growth strategy, increasing annual production capacity to 86 million metric tons. Some concerns remain about financial strain and government control in the combined company. Nonetheless, long-term growth expectations have driven share prices up.



Read more at Yahoo Finance: Nippon Steel shares rise after Trump approves $14.9 billion US Steel bid