Deals

Nippon Steel Boosts Investment for Proposed US Steel Deal

The United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania.
Photographer: Justin Merriman/Bloomberg

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By Joe Deaux

May 19, 2025 at 7:14 PM UTC

Updated on

May 19, 2025 at 9:17 PM UTC

Nippon Steel Corp. has bolstered its pledge to invest in United States Steel Corp. in the event that President Donald Trump approves the Japanese company’s proposed $14.1 billion takeover, according to people familiar with the matter.

Nippon Steel is now offering to build a new steel mill, save existing steelworker jobs and potentially add many more unionized roles, said the people, who asked not to be identified because the latest plan hasn’t been published.