Nippon Steel, reportedly weighing investment in U.S. Steel, has long history of joint ventures

Nippon Steel, reportedly weighing investment in U.S. Steel, has long history of joint ventures

Nippon Steel, which the administration says is now looking at an investment in U.S. Steel rather than an outright purchase, has a long history of joint ventures with other steelmakers, including in Northern Indiana.

Nippon Steel Dropping Purchase of US Steel in Favor of 'Big Investment,' Trump Says

Japan-based Nippon Steel Corp. is abandoning its plan to purchase U.S. Steel and is instead hoping to make a "big investment" in the American company, President Donald Trump said during a Feb. 7 press conference. "They're...

President suggests that Nippon Steel would not buy U. S. Steel, but instead invest in it

By MELISSA CROCKETT MESKE IBJ Managing Editor Recent reports by the Associated Press indicate that President Donald Trump has suggested Nippon Steel would instead invest in U. S. Steel rather than buy the American-iconic business. Nippon Steel’s previous bid to acquire U. S. Steel and merge the two steel industry titans had been blocked by former President Joe Biden just before the change in the country’s administration. Trump had also vowed to …