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Trump meets US Steel CEO to discuss deal with Nippon Steel

  • Japan's Nippon Steel will invest heavily in U.S. Steel instead of purchasing it, as President Trump announced.
  • Former President Joe Biden blocked Nippon Steel's proposed $14.9 billion acquisition over national security concerns.
  • U.S. Steel's share price dropped nearly 6% following Trump's remarks about the investment plan.
  • Both Nippon and U.S. Steel are pursuing legal challenges against the previous block on the acquisition.
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Minute Mirror broke the news in on Thursday, February 6, 2025.
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