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International Business Times

Trump-Backed US Steel Deal with Nippon Finalized, Sparks Job Boom

US Steel Nippon United States Nippon Steel Donald Trump Joe Biden

Signage showing the logo of Japan's largest steel manufacturer Nippon Steel is pictured in front of the company's head offices in central Tokyo on June 16, 2025

The long-awaited partnership between US Steel and Japan's Nippon Steel is now official, with both companies confirming the deal on Wednesday.

The agreement, backed by President Donald Trump, is being called a turning point for the American steel industry and is expected to create over 100,000 jobs across the country.

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