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News in English (USA) / 20.05.2025 / 07:00

Nippon Steel to Invest $14 Billion in U.S. Steel, Includes New Mill

Nippon Steel is making significant moves to strengthen its foothold in the U.S. steel market, pledging a total investment of $14 billion, which includes $4 billion specifically allocated for constructing a new steel mill. This decision is part of a revised and boosted investment offer as Nippon Steel aims to secure a deal with U.S. Steel. The investment plan has garnered positive reactions in the stock market, with U.S. Steel shares rising on expectations of a favorable outcome for the deal, especially as discussions hinge on potential approval from government officials, including Trump.
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