Nippon Steel Plans $14 Billion US Investment, Reuters Says

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May 19, 2025 at 2:32 PM UTC

Updated on

May 19, 2025 at 2:58 PM UTC

Nippon Steel Corp. plans to invest $14 billion in United States Steel Corp. if the Trump administration approves the merger of the companies, Reuters reported.

Details of the plan include Nippon Steel investing $4 billion in a new steel mill, Reuters said, citing a document and people familiar with the matter.