U.S. Steel rallies as Trump approves Nippon takeover
US President Donald Trump is walking while workers react to US Steel Corporation – Irvin works on May 30, 2025 in Pennsylvania, West Mifflin, Pennsylvania.
Leah Millis | Reuters
US steel After President Donald Trump approved the controversial unification of Japan, stocks jumped on Monday. Nippon steel.
US steel shares are about 5% higher than $ 54.85.
On Friday, Trump issued an executive order that allows the US Steel and Nippon to conclude the merger as long as they signed a national security agreement with the US government. Companies, the last obstacles for the agreement by completing the agreement with the government, he said.
US Steel said on Friday that the National Security Agreement had a gold share for the US government without specifying what its forces will use the government’s share.
Trump said on Thursday that he gave “total control” without giving details to the US President. Republican Pennsylvania Sen. Dave McCormick said CNBC gave the share of the US government in May of several board of directors.
Trade Secretary Howard Lutnick detailed the rights of the US government with its gold share. Social Media Post Saturday. Lutnick told US President Veto to change the replacement of the US headquarters of the US Steel, to renounce the company out of the United States, to rename the US steel, to rename out of the USA, to rename outside the United States, and to close the empty plants before a certain time frames.
Trump refrained from calling the US Steel-Nippon as a merger and described the agreement as a “partnership”. US Steel confirmed that in a regulatory file on Monday, the company would be a fully subsidiary of Nippon Steel North America.
“All regulatory approvals were received for the completion of the transaction.” He said. “The process is subject to the satisfaction of the usual closing conditions and is expected to be immediately completed.”
