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Researched by Industrial Info Resources (Sugar Land, Texas)--Nippon Steel Corporation (Tokyo, Japan) and United States Steel Corporation (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania) have finalized their partnership.
"The companies have now completed the transaction as contemplated by their merger agreement," Nippon and U.S. Steel said in a press release on Wednesday.
The companies have also entered an agreement with the U.S. government that lays out their commitments--which is designed to protect U.S. national security--such as Nippon's approximately $11 billion investment in U.S. Steel by 2028.
Meanwhile, U.S. Steel will issue a "Golden Share" to the government. While the "Golden Share" does not apply to a specific ownership stake in the new partnership, it gives the government certain rights of approval, such as for reductions in capital investment.
The deal closing comes days after U.S. President Donald Trump approved the merger. For more information, see June 17, 2025, article - Trump Approves Nippon Steel-U.S. Steel Deal.
"Together, Nippon Steel and U.S. Steel will be a world-leading steelmaker, with best-in-class technologies and manufacturing capabilities," the companies said in a joint press release. "The partnership will protect and create more than 100,000 jobs through unprecedented massive investments in steelmaking in the United States that will be unleashed across U.S. Steel's footprints, including in Pennsylvania, Indiana, Arkansas, Minnesota and Alabama."
Takahiro Mori, representative director and vice chairman of Nippon Steel added, "We share President Trump's commitment to protect the future of the American steel industry, American workers, and American national security, and we look forward to building a stronger and brighter future for U.S. Steel."
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
"The companies have now completed the transaction as contemplated by their merger agreement," Nippon and U.S. Steel said in a press release on Wednesday.
The companies have also entered an agreement with the U.S. government that lays out their commitments--which is designed to protect U.S. national security--such as Nippon's approximately $11 billion investment in U.S. Steel by 2028.
Meanwhile, U.S. Steel will issue a "Golden Share" to the government. While the "Golden Share" does not apply to a specific ownership stake in the new partnership, it gives the government certain rights of approval, such as for reductions in capital investment.
The deal closing comes days after U.S. President Donald Trump approved the merger. For more information, see June 17, 2025, article - Trump Approves Nippon Steel-U.S. Steel Deal.
"Together, Nippon Steel and U.S. Steel will be a world-leading steelmaker, with best-in-class technologies and manufacturing capabilities," the companies said in a joint press release. "The partnership will protect and create more than 100,000 jobs through unprecedented massive investments in steelmaking in the United States that will be unleashed across U.S. Steel's footprints, including in Pennsylvania, Indiana, Arkansas, Minnesota and Alabama."
Takahiro Mori, representative director and vice chairman of Nippon Steel added, "We share President Trump's commitment to protect the future of the American steel industry, American workers, and American national security, and we look forward to building a stronger and brighter future for U.S. Steel."
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
