{"id":301765,"date":"2025-06-19T08:06:37","date_gmt":"2025-06-19T08:06:37","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/nippon-steel-finalizes-15-billion-takeover-of-us-steel\/"},"modified":"2025-06-19T08:06:37","modified_gmt":"2025-06-19T08:06:37","slug":"nippon-steel-finalizes-15-billion-takeover-of-us-steel","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=301765","title":{"rendered":"Nippon Steel Finalizes $15 Billion Takeover of US Steel"},"content":{"rendered":"


\n<\/p>\n

\n

By Andrew Moran<\/p>\n

Nippon Steel and U.S. Steel announced on June 18 that they have finalized their nearly $15 billion acquisition deal. As a result, shares of the U.S. steel giant stopped trading on the New York Stock Exchange.<\/p>\n

A notice<\/a> confirmed that the New York Stock Exchange (NYSE) informed the Securities and Exchange Commission that the U.S. steelmaker\u2019s shares would be delisted following the completion of Nippon Steel\u2019s acquisition.<\/p>\n

The stock, which debuted on the NYSE in 1901, ceased trading at 8:25 a.m. ET on June 18.<\/p>\n

In a joint statement<\/a>, the companies announced that Nippon Steel closed its $14.9 billion acquisition of the struggling U.S. steelmaker.<\/p>\n

Following through on its initial bid in 2023, Nippon acquired 100 percent of U.S. Steel\u2019s shares at $55 per share.<\/p>\n

Nippon and U.S. Steel leaders thanked President Donald Trump for his participation in the deal.<\/p>\n

\u201cThanks to President Trump\u2019s bold leadership, American workers secured the best possible deal. U.S. Steel will remain rooted in the United States and continue to call Pittsburgh home,\u201d U.S. Steel CEO Dave Burritt said in a statement.<\/p>\n

\u201cThrough our partnership with Nippon Steel, we are poised to grow better and bigger, with transformative investment, cutting-edge technology, and the creation of good-paying jobs across the United States.\u201d<\/p>\n

Nippon\u2019s crude steel output capacity is projected to increase to 86 million tons annually, inching closer to the company\u2019s 100-million-ton goal, according to the statement.<\/p>\n

The deal has been a political hot potato for the past two years.<\/p>\n

Trump initially opposed<\/a> the Japanese company\u2019s bid during the 2024 election campaign.<\/p>\n

\u201cWe saved the steel industry. Now, U.S. Steel is being bought by Japan. So terrible,\u201d he said after a Jan. 31 meeting with the president of the Teamsters labor union in the nation\u2019s capital.<\/p>\n

However, the president changed his position upon returning to the White House. In April, Trump authorized a 45-day review of the agreement, reversing his predecessor\u2019s decision to block Nippon\u2019s purchase over national security concerns.<\/p>\n

Shortly after the Committee on Foreign Investment in the United States completed its review and the companies received regulatory approvals, Trump signed an executive order setting up Nippon\u2019s investment in U.S. Steel.<\/p>\n

As a condition of support, Trump required the two companies to sign a national security agreement. The U.S. government would possess a \u201cgolden share,\u201d which grants the president veto power over several corporate decisions, such as relocating jobs or production outside the United States, changing the name, and moving U.S. Steel\u2019s headquarters from Pittsburgh.<\/p>\n

The \u201cpartnership\u201d\u2014as the steelmakers and Trump have described the deal\u2014would see U.S. Steel receive $11 billion in investment over the next three years. This includes $1 billion for a new domestic mill, which is expected to increase by a further $3 billion in subsequent years.<\/p>\n

Japanese investors have been placing significant bets on the U.S. economy under Trump\u2019s leadership.<\/p>\n

\"The
The logo of Nippon Steel Corporation is displayed at the company headquarters in Tokyo on May 1, 2019. Kyodo\/via Reuters<\/figcaption><\/figure>\n

Japanese tycoon Masayoshi Son, the founder and CEO of SoftBank Group, announced<\/a> in December a $100 billion investment in the United States over the next four years.<\/p>\n

\u201cMy confidence level in the economy of the United States has tremendously increased with his victory,\u201d Son said at a news conference at the time. \u201cPresident Trump is a double-down president. I\u2019m going to have to double down.\u201d<\/p>\n

Son will also head the Stargate Project, a four-year, $500 billion investment in constructing new artificial intelligence infrastructure in the United States.<\/p>\n

The Steel Deal<\/h2>\n

In March, Trump imposed 25 percent tariffs on steel imports. These levies were increased to 50 percent for most countries exporting steel to the United States.<\/p>\n

Trump justified the tariffs, imposed under Section 232 of the Trade Expansion Act of 1962, by arguing that foreign subsidies and dumping practices harmed domestic producers and weakened the U.S. industrial base.<\/p>\n

The domestic steel industry lauded the president\u2019s tariff increase, stating that global overcapacity and production are growing while worldwide demand has been flat.<\/p>\n

\u201cGiven these challenging international conditions that show no signs of improvement, this tariff action will help prevent new surges in imports that would injure American steel producers and their workers,\u201d Kevin Dempsey, the president and CEO of the American Iron and Steel Institute, said in a statement to The Epoch Times.<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"

By Andrew Moran Nippon Steel and U.S. Steel announced on June 18 that they have finalized their nearly $15 billion acquisition deal. As a result, shares of the U.S. steel giant stopped trading on the New York Stock Exchange. A notice confirmed that the New York Stock Exchange (NYSE) informed the Securities and Exchange Commission […]<\/p>\n","protected":false},"author":1,"featured_media":301766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83,101761,133971,108300,96756,133972,121301,133973],"tags":[11043,17171,111706,11308,14092,111707,1820,13368,420,22424,30248],"dealstore":[],"offerexpiration":[],"class_list":["post-301765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-japan","category-mergers-and-acquisitions","category-national-security","category-tariffs","category-the-united-states-of-america","category-trade","category-u-s-securities-and-exchange-commission-sec","tag-billion","tag-breaking-news","tag-current-news","tag-finalizes","tag-latest-news","tag-national-news","tag-news","tag-nippon","tag-steel","tag-takeover","tag-world-news"],"yoast_head":"\nNippon Steel Finalizes $15 Billion Takeover of US Steel - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=301765\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nippon Steel Finalizes $15 Billion Takeover of US Steel - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"By Andrew Moran Nippon Steel and U.S. Steel announced on June 18 that they have finalized their nearly $15 billion acquisition deal. 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