Trump Celebrates Nippon Steel 'Deal'
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Nippon Steel investors and analysts are asking if its $15-billion deal to buy U.S. Steel , backed but not yet approved by President Donald Trump, is positive for the near term, even if its hopes for strong U.
Gary Mayor Eddie Melton said Nippon Steel plans to pump $1 billion in the Gary Works U.S. Steel facility — the largest steel plant in the country.
US Steel (NYSE:X) +1.2% in early trading Tuesday after President Trump appeared to award conditional approval on Friday for Nippon Steel's (OTCPK:NPSCY) (OTCPK:NISTF) takeover that he described as a "partnership,
United Steelworkers raises concerns about Nippon Steel's partnership with U.S. Steel, seeking clarity on investment plans and workforce impact.