US Steel and Nippon Steel say Trump has approved their partnership

President Donald Trump has approved a partnership between US Steel and Nippon Steel, the companies said in a release on Friday.

President Donald Trump has approved a historic partnership between US Steel and Nippon Steel, the companies announced in a press release on Friday. The partnership, which includes a national security agreement with the U.S. government, aims to unleash unprecedented investments in steelmaking in the United States, potentially creating over 100,000 jobs [1].

The approval comes after months of negotiations and regulatory reviews. The partnership, which includes US Steel and its wholly owned subsidiary Nippon Steel North America, Inc., will see Nippon Steel make approximately $11 billion in new investments by 2028. This includes an initial greenfield project that is expected to be completed after 2028 [1].

The national security agreement, signed by both companies and the U.S. government, includes commitments related to governance, domestic production, and trade matters. Notably, the U.S. government will receive a "golden share," which gives it significant influence over the partnership's governance [2].

The approval of this partnership is significant for both the U.S. and Japan, as it comes amidst ongoing trade talks between the two countries. The Trump administration has been engaged in these talks, aiming to avoid steep tariffs and strike deals with key partners [2].

The partnership is expected to be finalized promptly, following the receipt of all necessary regulatory approvals. The companies have stated that they look forward to putting their commitments into action and making American steelmaking and manufacturing great again [1].

References:

[1] https://investors.ussteel.com/news-events/news-releases/detail/729/president-trump-approves-historic-partnership-between-u-s
[2] https://www.cnbc.com/2025/06/13/trump-us-steel-nippon-deal.html