PITTSBURGH & TOKYO–(BUSINESS WIRE)–In a significant development for the U.S. steel industry, President Donald Trump has officially signed an Executive Order that paves the way for an unprecedented investment in American steelmaking, aimed at protecting and creating over 100,000 jobs.
The historic partnership between United States Steel Corporation, commonly referred to as U. S. Steel, and Japan’s Nippon Steel Corporation, along with its subsidiary Nippon Steel North America, Inc. (collectively known as the “Companies”), was celebrated on May 30, 2025, at U. S. Steel’s Irvin Plant situated in Mon Valley Works, West Mifflin, Pennsylvania, where thousands of steelworkers joined President Trump in a show of support.
Expressing gratitude towards the Administration, the Companies stated, “We thank President Trump and his Administration for their bold leadership and strong support for our historic partnership. This initiative promises a massive investment that will benefit our communities and families for generations to come. We eagerly look forward to implementing our commitments to restore greatness to American steelmaking and manufacturing.”
The Executive Order issued by President Trump not only approves the partnership but also initiates a National Security Agreement (NSA) with the U.S. Government. Under this agreement, approximately $11 billion in new investments are projected to be made by 2028, which includes an initial investment in a greenfield project that will extend beyond 2028.
This NSA also encompasses crucial commitments related to governance, which includes issuing a Golden Share to the U.S. Government, as well as matters pertaining to domestic production and trade.
Furthermore, alongside President Trump’s Executive Order, the Companies have successfully navigated the review process established by the U.S. Department of Justice. With these approvals now in hand, all necessary regulatory clearances for the partnership have been fulfilled, and the finalization of this partnership is expected to occur promptly.
In light of this announcement, it is important to note the potential impact outlined in the accompanying cautionary statements regarding forward-looking declarations. The press release contains information regarding U. S. Steel and Nippon Steel that may qualify as “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995 and other applicable securities regulations.
These forward-looking statements contain expectations about future trends, events, or developments that the Companies anticipate or predict will occur, alongside potential changes in the global economic environment that could affect future performance.
The Companies have described these forward-looking statements with terminology such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” and “target” to communicate their perspectives on their future goals, expectations, and other significant matters.
However, the absence of such expressions does not negate that a statement might still be forward-looking. By nature, these statements represent beliefs regarding the prospects of U. S. Steel and Nippon Steel, and carry inherent uncertainties that lie outside of their control.
Management believes these forward-looking statements to be reasonable as of the date they were made. Nevertheless, caution must be exercised when relying on these declarations, as they address situations that could unfold only after the date indicated.
Risks and uncertainties associated with these forward-looking statements could potentially lead to actual outcomes differing materially from the predictions stated by the Companies. Factors influencing these risks include the timely consummation of the proposed transaction, the occurrence of events or changes that could lead to the termination of the agreements involved in the merger, and potential litigation ensuing from transaction-related issues.
Moreover, the parties involved may face challenges in satisfying conditions necessary for the completion of the transaction in a timely fashion, which could impact ongoing business operations during the transition period.
Other considerations include stipulations during the transaction’s pendency which may limit U. S. Steel’s or Nippon Steel’s ability to pursue some business opportunities or strategic projects. Announcements regarding the transaction could also affect market reactions to the Companies’ stock prices, alongside risks of unforeseen costs or expenses arising during the process.
The press release further addresses potential repercussions on maintaining relationships with customers, suppliers, and employees, as well as overall business performance, arising from the pending transaction.
U. S. Steel aims to direct its stakeholders to additional resources for more detailed information regarding risks that could impact future performance, specifically referring to its Form 10-K for the fiscal year ending December 31, 2024, and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.
This announcement not only marks a new chapter for U. S. Steel but also reflects a strategic commitment to enhancing the resilience and growth of America’s steel industry amid global economic shifts. The anticipated investment and job creation could serve as a vital boost to the U.S. economy, reinforcing the importance of domestic manufacturing and job availability in the field of steelmaking.
To conclude, the partnership between U. S. Steel and Nippon Steel represents a forward-thinking effort to revitalize American steelmaking through substantial investments, following President Trump’s approval and the establishment of a clear framework within which the Companies will operate moving forward. As this significant partnership rolls out, it will be closely observed for its potential to reshape the landscape of steel production in America and reinforce job security for thousands of workers in the industry.
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