Nippon Steel plans to invest $14 billion in U.S. Steel's operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with the matter.

Trump said the 25% tariff on foreign steel he reinstated at the start of his second term would increase to 50%.

Gary Mayor Eddie Melton said Nippon Steel plans to pump $1 billion in the Gary Works U.S. Steel facility — the largest steel plant in the country. Tara Molina reports.

If the US gets a 'golden share' of Nippon Steel's takeover of US Steel, it would be the latest example of how Washington, D.C. increasingly has a say in the operations of major companies.

President Donald Trump touted a "blockbuster agreement" between U.S. Steel and Japanese company Nippon Steel that he said would keep the U.S. steelmaker in Pittsburgh.

Nippon Steel investors and analysts are asking if its $15-billion deal to buy U.S. Steel , backed but not yet approved by President Donald Trump, is positive for the near term, even if its hopes for strong U.

Touting a “blockbuster agreement” between U.S. Steel and Japanese manufacturer Nippon, President Donald Trump visited the Mon Valley Irvin Works plant Friday and boasted how the new partnership would help the Pittsburgh-based company to thrive for years to come.

A planned merger of the Japanese and American giants, announced in 2023, has traveled through an election, two presidents and strong union opposition.

Trump made the announcement as he celebrated a multi-billion dollar deal between the iconic American steelmaker U.S. Steel and the Japanese company Nippon Steel.

Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF), the Japanese firm locked in a prolonged battle to acquire U.S. Steel (X), announced plans on Friday to invest 869 billion yen ($6 billion) domestically to boost production using cleaner furnace technology.