Nippon Steel Proposes $7 Billion Investment to Salvage U.S. Steel Merger

The Japanese steelmaker is negotiating with the Trump administration to secure approval for its $14 billion bid to modernize U.S. Steel's facilities.

Nippon Steel has increased its proposed investment in U.S. Steel from $2.7 billion to $7 billion, focusing on upgrading Rust Belt facilities.
The Japanese company and U.S. Steel are in active negotiations with the Trump administration to address regulatory and political concerns over the merger.
The Biden administration blocked the deal in January 2025 on national security grounds, prompting legal action by both companies.
President Trump has expressed openness to Nippon Steel making significant investments or taking a minority stake in U.S. Steel rather than pursuing outright ownership.
The merger highlights broader economic and strategic issues, including U.S.-Japan relations and efforts to counter China's dominance in global steel production.