Particle.news
Download on the App Store
8 ARTICLES
·
yesterday

Nippon Steel Pledges $14 Billion to Secure U.S. Steel Acquisition

The Japanese company seeks Trump administration approval with a massive investment plan that includes a new steel mill and infrastructure upgrades.

A drone view shows Gary Works, the largest integrated steel mill in the U.S., which is operated by U.S. Steel, in Gary, Indiana, U.S., December 12, 2024. REUTERS/Vincent Alban/File Photo
Image
A sign is posted at the entrance of United States Steel’s Gary Works facility on June 20, 2019, in Gary, Indiana. (Scott Olson/Getty Images/TNS)
Image

Overview

  • Nippon Steel has increased its investment commitment to $14 billion, including $4 billion for a new steel mill, contingent on the Trump administration's approval.
  • The proposed $14.9 billion acquisition of U.S. Steel was initially blocked by President Biden in January 2025 on national security grounds.
  • The enhanced plan allocates $11 billion toward upgrading U.S. Steel’s infrastructure through 2028 and promises to preserve and expand steelworker jobs.
  • Nippon Steel insists on full ownership of U.S. Steel to integrate operations and transfer core technology, rejecting partial ownership proposals.
  • The Trump administration’s renewed CFIUS review concludes May 21, with a final decision expected by June 5, as Nippon Steel seeks a meeting with Treasury Secretary Scott Bessent to clarify the administration's stance.