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US Steel, Nippon Steel Finalize 'Historic Partnership'

Summary by The Hill
U.S. Steel said Wednesday it finalized its merger with Japan’s largest steelmaker, Nippon.  President Trump lauded the acquisition as a partnership in which the U.S. would maintain a “golden share” of profits with expanded investments in Pennsylvania, Indiana, Arkansas, Minnesota and Alabama.  “U. S. Steel will remain rooted in the United States and continue to call Pittsburgh home. Through our partnership with Nippon Steel, we are poised to gro…

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Demand morose, Chinese dumping, debt... the Japanese steel giant Nippon Steel, who has just finalized the acquisition of its rival US Steel, faces thorny challenges in a tense global market.

·Montreal, Canada
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U.S. Steel/Nippon Steel seal “historic” partnership

It’s a done deal.

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  • 60% of the sources are Center
60% Center
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Kyodo News+ broke the news in Japan on Thursday, June 19, 2025.
Sources are mostly out of (0)