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

Gary Mayor Eddie Melton has been supportive of a deal between Nippon and U.S. Steel for months, citing how it would benefit Gary Works. In August, it was announced that Nippon Steel would invest $300 million into the local facility. A Nippon executive later said the company would invest $1 billion into Gary Works.

Globally, continued uncertainty over the ongoing US trade dispute kept investors cautious through the week. U.S. President Donald Trump accused China of completely breaching its trade deal with the U.

Strictly speaking, any type of special or dual-class share structure that offers more voting power to a bloc is a version of a golden share. What the White House has in mind, however, seems to be more targeted for the deal-making attempts between U.

Nippon Steel Corp., the Japanese company embroiled in lengthy battle to buy US Steel Corp., said it plans to spend 869 billion yen ($6 billion) at home to expand output from cleaner furnaces.

Nippon Steel plans to invest over 860 billion yen ($5.98 billion) to introduce electric furnaces at its three domestic plants to reduce carbon emissions, public broadcaster NHK said on Friday.

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.

Having grown up in West Virginia, the merger between U.S. Steel and Nippon Steel (which has just been approved by President Trump) hits close to home. My family and community relied on the coal and railroad industries—both deeply tied to steel production.