The recent press release from United States Steel Corporation ("U.S. Steel") and Nippon Steel Corporation announced a historic partnership that has been approved by President Trump. This partnership is set to unleash unprecedented investments in steelmaking in the United States, with the aim of protecting and creating more than 100,000 jobs. The companies have expressed gratitude to President Trump and his administration for their support, stating that the partnership will bring a massive investment that will support communities and families for generations to come.
As part of the approval process, the companies have entered into a national security agreement ("NSA") with the U.S. government, which outlines commitments including approximately $11 billion in new investments by 2028. This investment includes the initial investment in a greenfield project, which is anticipated to be completed after 2028. The NSA also includes commitments related to governance, domestic production, and trade matters.
Following the approval of President Trump's executive order and the completion of the U.S. Department of Justice review process, all necessary regulatory approvals for the partnership have been received. The partnership is expected to be finalized promptly.
The companies celebrated the partnership with President Trump at U.S. Steel's Irvin plant of Mon Valley Works in West Mifflin, Pennsylvania, on May 30, 2025, with thousands of steelworkers in attendance.
This partnership marks a significant development in the steel industry, with the potential to have a substantial impact on job creation and economic growth in the United States. As a result of these announcements, the company's shares have moved -2.83% on the market, and are now trading at a price of $52.19. For the full picture, make sure to review UNITED STATES STEEL CORP's 8-K report.
