Purchase follows pledges on golden share, investment, production and trade
Nippon Steel has completed its $14.1 billion acquisition of its American peer U.S. Steel, after 18 months of negotiations. The deal consolidates the Japanese company’s position as the world’s fourth largest steelmaker. (Source photos by Yuki Kohara and Yuki Nakao)
SHOTARO TANI
June 18, 2025 22:02 JST
Updated on June 19, 2025 00:45 JST
TOKYO — Nippon Steel has completed its $14.1 billion acquisition of American peer U.S. Steel, bringing to a close protracted negotiations that lasted for 18 months amid U.S. political wrangling.
The Japanese company will acquire 100% of U.S. Steel’s ordinary shares, while handing a “golden share” to the U.S. government under a national security agreement both companies signed with Washington.
