US Steel Sale to Nippon Steel Poised to Close After Trump Deal
Steel coils in front of a US flag at the US Steel Corporation Irvin Works facility in West Mifflin, Pennsylvania.
Photographer: Rebecca Droke/BloombergNippon Steel Corp. won conditional US approval for its $14.1 billion purchase of United States Steel Corp., capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.
In a release Friday, the companies said they’ve committed to a national security agreement proposed by the Trump administration, which earlier cleared the deal subject to those terms.