The $14 billion that Nippon Steel Corp. executives have pledged to pump into the operations of U.S. Steel Corp. could weaken ...

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday announced that U.S. Steel and Japan's Nippon Steel had agreed to ...

President Donald Trump announced a partnership between U.S. Steel and Japanese steelmaker Nippon that he says will keep the ...

At least half a dozen Republican lawmakers have argued for months that the agreement would be a way to onshore steel production and save thousands of manufacturing jobs.

Shares of US Steel soared 21 percent on Friday after Trump’s comments as investors interpreted the president’s post on Truth ...

U.S. President Donald Trump has endorsed Nippon Steels $14.9 billion acquisition of U.S. Steel, calling it a planned ...

Nippon Steel also applauded Trump’s decision ... they urged Trump to block the deal despite the $14 billion investment pledge from Trump. For investors, including prominent hedge funds ...

Trump's announcement of the deal on Truth Social sent US Steel shares rising by 21%, and after-hours trading pushed the stock near the $55 per share offer price.

The proposed acquisition, first announced in December 2023, was originally blocked by former President Joe Biden.

Nippon raised its investment pledge in US Steel’s operations to $14 billion, which would include a new $4 billion steel mill in the US, if its bid was greenlit, according to Reuters. US Steel ...