Nippon Steel Raises U.S. Investment to $14B, Betting On Trump’s U.S. Steel Deal

Nippon Steel plans to invest $14 billion into U.S. Steel’s operations, according to internal documents and sources. The deal includes $4 million for a new mill if the Trump administration approves its acquisition bid. The company will invest $11 billion in U.S. Steel’s infrastructure by 2028, including $1 billion for a new greenfield site. That site could expand by $3 billion in the coming years. The offer is up from $1.4 billion in a final push to gain approval for its merger with U.S. Steel, which both Trump and Biden have opposed. The companies face a May 21st deadline for a new national security review, after which Trump will have 15 days to decide.