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Trump and Nippon Steel Reach National-Security Agreement on U.S. Steel Deal
- On June 13, 2025, President Donald Trump authorized Nippon Steel's $14.9 billion purchase of U.S. Steel by signing an order that followed the companies' agreement on national security measures.
- The deal faced prior opposition from the Biden administration, which blocked the acquisition in January 2025 citing national security concerns, and Trump initially opposed the sale before supporting it.
- Nippon Steel will acquire full ownership of U.S. Steel, pledging $14 billion in investments, including $4 billion for a new mill, while the U.S. government retains veto power through a golden share.
- Trump described the deal as a “planned partnership,” promised no layoffs or outsourcing, assured U.S. Steel would remain headquartered in Pittsburgh, and announced a $5,000 bonus for workers.
- This acquisition is expected to retain or create over 100,000 jobs, revitalize the U.S. steel industry, and signals a significant shift with ongoing union opposition and pending contract negotiations.
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Johnson City Press+47 Reposted by 47 other sources
APi Group Set to Join S&P MidCap 400
NEW YORK, June 18, 2025 /PRNewswire/ -- APi Group Corp. (NYSE: APG) will replace United States Steel Corp. (NYSE: X) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, June 24. Nippon Steel Corp. (TSE:…
After 18 months of uncertainty, Nippon Steel is allowed to buy the damaged steel manufacturer US Steel. This is made possible by an unusual agreement with the US government.
·Munich, Germany
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Total News Sources234
Leaning Left28Leaning Right41Center64Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 21%
C 48%
R 31%
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