President Trump approves partnership between U. S. Steel and Nippon Steel

United States Steel (X) and Nippon Steel (NPSCY) together with its wholly owned subsidiary Nippon Steel North America, announced that President Trump has approved the companies’ historic partnership that will unleash unprecedented investments in steelmaking in the United States, protecting and creating more than 100,000 jobs. On May 30, 2025, the partnership was celebrated by thousands of steel workers with President Trump at U. S. Steel’s Irvin Plant of Mon Valley Works in West Mifflin, Pennsylvania. In addition to President Trump’s Executive Order approving the partnership, the Companies have entered into a National Security Agreement with the U.S. Government. The NSA provides that approximately $11B in new investments will be made by 2028, which includes the initial investment in a greenfield project that would be completed after 2028. The NSA also includes commitments related to governance, domestic production, and trade matters. Along with President Trump’s Executive Order, the companies have completed the U.S. Department of Justice review process. With those approvals, all necessary regulatory approvals for the partnership have now been received, and the partnership is expected to be finalized promptly.