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US Steel, Nippon Steel Finalize 'Historic Partnership'

UNITED STATES, JUN 19 – Nippon Steel commits $11 billion to U.S. Steel modernization and job preservation under a government-backed 'golden share' veto power agreement, securing over 100,000 American jobs.

Summary by The Hill
U.S. Steel said Wednesday it finalized its merger with Japan’s largest steelmaker, Nippon.  President Trump lauded the acquisition as a partnership in which the U.S. would maintain a “golden share” of profits with expanded investments in Pennsylvania, Indiana, Arkansas, Minnesota and Alabama.  “U. S. Steel will remain rooted in the United States and continue to call Pittsburgh home. Through our partnership with Nippon Steel, we are poised to gro…

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Demand morose, Chinese dumping, debt... the Japanese steel giant Nippon Steel, who has just finalized the acquisition of its rival US Steel, faces thorny challenges in a tense global market.

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U.S. Steel/Nippon Steel seal “historic” partnership

It’s a done deal.

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Kyodo News+ broke the news in Japan on Thursday, June 19, 2025.
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