Trump says US will control US Steel
Digest more
Nippon Steel is considering offering a so-called golden share in U.S. Steel to the U.S. government in order to finalise its long-sought acquisition of the iconic American firm, Japan's Nikkei newspaper reported on Tuesday.
Nippon Steel Corp. plans to invest $14 billion in United States Steel Corp. if the Trump administration approves the merger of the companies, Reuters reported.Details of the plan include Nippon Steel investing $4 billion in a new steel mill,
President Trump endorsed a plan that would link the U.S. and Japanese steel makers that had been blocked on national security grounds.
Exclusive: Nippon Steel to invest $4 billion for new US Steel mill in $14 bln package, document says
Nippon Steel plans to invest $14 billion in U.S. Steel's operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with the matter.
Nippon Steel Corp. has bolstered its pledge to ... about the new steel mill as part of an enhanced $14 billion investment plan should the takeover proceed. Nippon Steel told investors on a call ...
WASHINGTON — President Trump announced Friday that Japan-based Nippon Steel will be allowed to invest in US Steel, ending a years-long drama over the fate of a company once synonymous with American economic power.
Japan's Nippon Steel remains committed to acquiring a full stake in U.S. Steel , a senior executive said, adding that it is seeking a meeting with U.S. Treasury Secretary Scott Bessent to clarify President Donald Trump's stance on the deal.