Workflow
US Steel deal with Nippon could move forward under Trump administration

The pending acquisition of U.S. Steel by Nippon Steel could be approved as new terms are reportedly being included in the agreement to secure the Trump administration's backing. Those terms are expected to give the U.S. government veto power over key decisions made that involve U.S. Steel and will be outlined in a national security agreement the two companies will sign, Sen. Dave McCormick, R-Pa., said Tuesday.Nippon Steel initially proposed buying U.S. Steel in 2023 for $14.9 billion, but the deal has been ...