President Trump approves proposed $14.1 bn merger of US Steel with Nippon Steel
By Unnikrishnan | 16 Jun 2025
President Trump on Friday signed an executive order approving the proposed merger of United States Steel Corporation with Japan’s Nippon Steel Corporation and its wholly owned US subsidiary, Nippon Steel North America, Inc.
US Steel and Nippon Steel said the approval will herald a historic partnership that will boost US steelmaking and result in huge investments in the United States, while also protecting and creating more than 100,000 jobs in the United States.
President Trump joined thousands of steel workers at the Mon Valley Works of US Steel’s Irvin Plant in West Mifflin, Pennsylvania, on 30 May 2025, to celebrate the occasion.
The companies thanked President Trump and the US administration for the bold step and support extended for the partnership, and stated that the investment will benefit workers and the communities for years to come, while also revitalising steelmaking and manufacturing in the US.
Subsequent to President Trump’s executive order approving the merger, the two steelmakers entered into a National Security Agreement (NSA) with the US administration that provides for an additional $11 billion investments by the two companies, including in a greenfield project, by the year 2028.
The NSA also provides for issue of a Golden Share to the US government besides setting conditions regarding domestic production and trade.
The US Department of Justice has already completed a review of the merger process of Nippon Steel and US Steel, and is now in possession of all regulatory approvals for proceeding with the merger process.
Nippon Steel Corporation is incorporated under Japanese laws and is subject to Japanese regulation and Nippon Steel North America, Inc, which is the merger subsidiary, is a Delaware corporation while US Steel is also a Delaware corporation.
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