June 26, 2025
Trump signs an executive order saying the tie-up could move forward if the companies reach an agreement with the Treasury Department resolving national security concerns
The US president says the share means that Americans will have a 51% ownership in the American steelmaker
New tariffs are likely to raise steel prices, affecting the industry and consumers
Nippon Steel plans to invest $14 billion into US Steel's operations, including up to $4 billion in a new steel mill
Shares in US Steel shot up nearly 14%, as investors took it to mean the administration was considering approving the merger
