Japan's Nippon seals controversial US Steel deal after Trump pact

Published: 6/18/2025
Japan's Nippon seals controversial US Steel deal after Trump pact
Japanese firm Nippon Steel has completed its $14.9bn takeover of US Steel, creating one of the world's biggest steelmakers. The deal included concessions to the US government and investment commitments in American operations, addressing national security concerns. This agreement between Nippon Steel and US Steel secures jobs and manufacturing in the US, while allowing Nippon to become a major player in the American steel industry.