The companies said the partnership will protect and create more than 100,000 jobs through investments in steelmaking in the U.S. including in Pennsylvania, Indiana, Arkansas, Minnesota and Alabama. It will also ensure U. S. Steel retains its name and headquarters in Pittsburgh, Pa., and that its steel will continue to be mined, melted and made in America. 

“Building on our investment, the transfer of our advanced technologies, and the unwavering efforts of management and the employees of both companies, Nippon Steel is committed, together with U. S. Steel, to solidifying its position as the world’s leading steelmaker,” said Eiji Hashimoto, Nippon Steel’s representative director, chairman and chief executive officer. 

As part of the transaction, the company has signed  a national security agreement with the U.S. government, providing for a "Golden Share" that gives the government a say in the company's direction. 

“We share [U.S] President [Donald] Trump’s commitment to protect the future of the American steel industry, American workers, and American national security, and we look forward to building a stronger and brighter future for U. S. Steel,” said Takahiro Mori, Nippon Steel’s representative director and vice chairman, in an official press release. Mori will also serve as chairman of the board of U. S. Steel. 

With the framework these measures provide, Nippon Steel said it will “secure management flexibility and profitability at U. S. Steel while protecting U.S. national security.” 

With the acquisition, Nippon Steel estimates its annual crude steel production capacity will reach 86 million metric tons, bringing it closer to its global strategic goal of 100 million metric tons per year. 

“This is a momentous day for our country, our communities, and the American steel industry. Thanks to President Trump’s bold leadership, American workers secured the best possible deal. U. S. Steel will remain rooted in the United States and continue to call Pittsburgh home,” U. S. Steel chief executive officer Dave Burritt said in a statement. 

Burritt elaborated more on the deal late Wedensday afternoon during a keynote speech at the 2025 Global Steel Dynamics Forum, telling the auidence that  the partnership amplifies and improves each of the companies rather than aggregating them. 

"We'll better and bigger," Buritt said. 

Burritt pointed out that the partnership directs US$14 billion in capital investment to U. S. Steel mills in Pennsylvania, Indiana, Arkansas, Alabama and Minnesiota. That's more, he said, than all of the publicly traded U. S. producers invested in their facilities last year. 

Investments include a revamp of its oldest blast furnace, the replacement of a 1930s-vintage hot strip mill and construction of a greenfield steel mill.  

"These strategic moves will be centered around delivering what our customers need, when they need it," Burritt said.