From Yahoo Finance: 2025-05-27 05:26:00

US President Donald Trump announces US will control US Steel in partnership with Nippon Steel, investing $14bn, including $4bn for a new steel mill. Deal influenced by discussions with lawmakers. Uncertainty whether partnership involves Nippon Steel’s acquisition of US Steel. Merger to create 3rd largest steel producer, generating 70,000 jobs. Investors optimistic, expecting transition from publicly traded. Concerns arise over foreign ownership and job losses in Pennsylvania. US Steel and Nippon Steel previously sued Biden administration over blocked merger, claiming it would revitalize steel communities, secure jobs, and enhance national security.



Read more at Yahoo Finance: US to control US Steel following investment by Nippon Steel