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Nippon Steel to invest $14 billion in U.S. Steel including $4 billion for new mill: Reuters
- Nippon Steel intends to commit $14 billion toward U.S. Steel’s operations, with up to $4 billion designated for constructing a new steel mill, pending approval from the Trump administration.
- This investment follows a stalled merger blocked by Biden in January over national security concerns and a fresh review due by May 21.
- The pledge includes $1 billion for a greenfield site that could grow by $3 billion, aiming to expand U.S. Steel's operations and headquarters in Pennsylvania.
- The deal faces a $565 million breakup fee if it fails and current U.S. Tariffs of 25%, with uncertainty if the new investment will secure approval.
- Nippon Steel’s increased investment aims to access growing American steel markets under bipartisan infrastructure plans, while Trump has 15 days to decide.
33 Articles
33 Articles
Trump’s trade crackdown may be US Steel’s last shot
Cleveland-Cliffs, America’s fourth-largest steel producer, stunned West Virginia earlier this month by shelving plans to reopen a shuttered steel mill as an electrical transformer plant. The project would have restored 600 of the 1,000 jobs lost when the company idled the mill in February. Instead, the cancellation marked just one of several disappointing announcements since March, all driven by the company’s ongoing financial problems. In tota…
Tony Katz and the Morning News 3rd Hr 5/20/25: Trackside's Kevin Lee joins to talk about the Penske violation and penalty, Nippon Steel plans to invest $14 billion in US Steel's operations, Join us Carb Day Friday at "Just Add Water", Trump admin settles
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Jonesboro Sun
paxtonmedia.comReport: Nippon Steel to invest up to $4 billion in new steel mill, if merger goes forward
OSCEOLA — The proposed merger of U.S. Steel and Nippon Steel is the best deal for the United States and its workers, with Nippon looking to invest up to $4 billion for a new steel mill if merger talks are…
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