Nippon Steel is set to invest around $11 billion in U.S. Steel by 2028, including an initial investment in a greenfield project. Skip to content. NOWCAST Pittsburgh's Action News 4 at 7pm on Cozi TV.

PITTSBURGH — Nippon Steel has finalized its deal to buy 100% of U.S. Steel, the iconic steelmaker that was once the world’s most valuable company and a cornerstone of American industrial might.

WASHINGTON -- President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national ...

Nippon Steel shares rose on Monday after U.S. President Donald Trump approved its $14.9 billion bid for U.S. Steel , clearing a key hurdle in its 18-month pursuit and securing access to a vital ...

Under the deal terms, Nippon bought 100% of U.S. Steel shares at $55 per share, as it first laid out in its December 2023 offer for the well-known and struggling steelmaker.

President Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an "investment" by Nippon Steel in the Pittsburgh-based steelmaker.

U.S. Steel did not respond to a request for comment. It’s not uncommon for the U.S. government to raise national security concerns about foreign investments in American companies.

The Trump administration will soon ensure that its 50% steel tariffs, which have threatened to make everything containing steel more expensive, will apply to your next fridge or dishwasher.

The federal government will also have say over U.S. board members in a tie-up between Japan’s Nippon Steel and U.S. Steel, according to a lawmaker.

To sweeten the deal, Nippon Steel had offered up a $2.7 billion commitment to upgrade U.S. Steel’s two blast furnaces and pledged that it wouldn’t import steel slabs that would compete with ...

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