The wait is over! President Donald Trump has officially approved the merger between US Steel and Japan’s Nippon Steel, paving the way for a massive $11 billion investment in American steelmaking and the creation of over 100,000 jobs.
What Does This Mean for the US Economy?
The deal, which has been in the works for years, is expected to bring a significant boost to the US economy.
With the promise of new steelmaking investments and job creation, this partnership is set to have a lasting impact on American communities and families.
As US Steel and Nippon Steel stated, “This partnership will bring a massive investment that will support our communities and families for generations to come.
We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.”
How Did We Get Here?
The journey to this historic deal has been long and winding. Initially proposed in 2023, the $14.9 billion deal was put on hold due to political opposition.
Former President Joe Biden blocked the deal on national security grounds in January 2025, but the two companies filed a lawsuit arguing that the CFIUS process was unfair.
The Trump administration launched a fresh review of the deal in April, and the president himself signaled his support for the partnership last month.
The Details of the Deal
So, what’s in the deal? The National Security Agreement (NSA) includes a commitment to over $11 billion in new steelmaking investments in the United States by 2028 and the creation of over 100,000 jobs.
The US government will also have a “golden share” of the merger, which includes commitments to governance, domestic production, and trade.
This means that the US government will have a significant stake in the partnership and will be able to ensure that the deal benefits American workers and communities.
What’s Next?
The companies have completed the US Department of Justice’s review process, and all necessary regulatory approvals for the partnership have been received.
The partnership is expected to be finalized promptly, with the Committee on Foreign Investment in the United States (CFIUS) authorized to implement and enforce measures to protect US national security until the partnership is finalized.
A Win for Trump and American Workers
This deal is a major win for President Trump, who has made reviving American industry a key part of his agenda.
The president has been a long-time supporter of the steel industry, and this deal is a significant victory for American workers.
As Senator Dave McCormick, R-Pa., stated, “This is a huge step forward for the steel industry and for American workers.
It’s a testament to the president’s commitment to revitalizing American industry and creating good-paying jobs for American workers.”