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International Business Times
International Business Times
Science

Nippon, US Steel Say They Have Completed Partnership Deal

US Steel Nippon Steel United States Donald Trump Nippon Steel Joe Biden Pittsburgh
A year and a half after announcing the original merger, Nippon and US Steel said they had closed their partnership deal, affecting legacy industrial sites such as those near Pittsburgh (Credit: AFP)

Nippon Steel and US Steel announced Wednesday they have completed a partnership deal in which the US government will essentially have veto power over significant decisions affecting US jobs.

The agreement modifies a transaction originally announced in December 2023 in which Nippon Steel of Japan had agreed to acquire US Steel for $14.9 billion.

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