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International Business Times

Business

Nippon Steel Shares Soar As Trump Reviews US Steel Takeover

US Steel Donald Trump Nippon Steel Joe Biden United States CFIUS

US Steel and Nippon Steel announced the proposed $14.9 billion merger in December 2023 (Credit: AFP)

Nippon Steel shares soared Tuesday after US President Donald Trump launched a review of the company's proposed takeover of US Steel that was blocked by his predecessor Joe Biden.

Trump said Monday he had directed a government panel, the Committee on Foreign Investment in the United States (CFIUS), to conduct a review of the acquisition.

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