Nippon Steel plans to invest $14 billion in United States Steel Corporation (X.US) on the condition that the Trump administration approves the deal.

date
19/05/2025
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GMT Eight
As of the deadline for this article, the stock has risen over 1.5%, reaching $40.97 USD.
New United Iron and Steel () plans to invest up to $14 billion in United States Steel Corporation (X.US) with the approval of the Trump administration, including contributing $4 billion to build a new steel plant in the United States. This investment plan is part of New United Iron and Steel's acquisition of United States Steel Corporation and is currently in a critical review stage. According to reports, the U.S. government is set to complete the latest round of national security reviews for the acquisition this Wednesday. The deal was previously put on hold during the final stages of President Biden's term due to national security concerns. As the world's fourth largest steel producer, New United Iron and Steel announced its intention to acquire United States Steel Corporation for around $15 billion by the end of 2023, attracting strong attention from the U.S. political scene and unions. The additional commitment to invest $14 billion is aimed at reassuring regulators and political figures concerned about employment and domestic manufacturing. Sources revealed that the $4 billion in this plan will be used to build an advanced steel production plant in the United States, which could stimulate local economic development and create a significant number of job opportunities, enhancing the feasibility of the deal in the current political environment. At the time of writing, United States Steel Corporation has risen by over 1.5%, reaching $40.97.