Steel News

ArcelorMittal Acquires Nippon Steel’s Interest in AM/NS Calvert

18 June 2025 - ArcelorMittal announced today that it has acquired Nippon Steel Corp.’s 50% equity stake in AM/NS Calvert, true to the equity purchase agreement the companies made last year subject to Nippon Steel completing its acquisition of United States Steel Corporation.

Nippon Steel, U. S. Steel Finalize US$14.9 Billion Acquisition

18 June 2025 - Nippon Steel Corp and United States Steel Corporation on Wednesday finalized their US$14.9 billion merger, cementing a historic partnership that is expected to bring billions of dollars in new investment to U. S. Steel's facilities.

Trump Approves Nippon Steel’s US$14.9 Billion Purchase of U. S. Steel

16 June 2025 - U.S. President Donald Trump has approved Nippon Steel’s US$14.9 billion bid for United States Steel Corporation after both companies signed an agreement with the Treasury Department resolving national security concerns, reported Reuters.

Report: Trump Says U.S. Has “Golden Share” in U. S. Steel

13 June 2025 - U.S. President Donald Trump said part of a potential deal for Nippon Steel to buy United States Steel Corporation includes the U.S. having a “golden share” in the company, Reuters reported.

Trump Says He's Supporting Nippon Steel-U.S. Steel 'Partnership'

27 May 2025 - President Donald Trump appears to be backing Nippon Steel’s acquisition of United States Steel Corporation, stating in a Truth Social post that the “planned partnership” will create thousands of jobs and inject billions into the economy.

Steel Industry Awaits Trump Decision on U. S. Steel

22 May 2025 - The Committee on Foreign Investment in the United States has forwarded a recommendation on the United States Steel Corporation and Nippon Steel Corp. merger, but details of the recommendation have not been disclosed, the Reuters news service reports.

Report: Nippon Steel Proposes Even Greater U. S. Steel Mill Investments

20 May 2025 - Nippon Steel Corp. would invest US$10 billion in United States Steel Corporation and build a greenfield mill if it wins approval to acquire the company, reports the Reuters news service.