Trump: Nippon Steel has agreed to invest in rather than own United States Steel Corp.
President Donald J. Trump on Friday afternoon suggested Nippon Steel Corp. has agreed to invest in United States Steel Corp. instead of acquiring the Pittsburgh-based manufacturer as it has been working toward since December 2023 in a $14.9 billion deal blocked by then-President Joe Biden last month.
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United States Steel Corp. CEO David Burritt is reportedly meeting with President Donald J. Trump on Thursday at the White House in an attempt to revive the $14.9 billion deal with Nippon Steel Corp.
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