Nippon Steel completed the acquisition of US Steel for $14.9bn.

Nippon Steel, a Japanese steelmaker, completed the acquisition of US Steel, an American integrated steel producer, for $14.9bn. “This is a momentous day for our country, our communities, and the American steel industry. Thanks to President Trump’s bold leadership, American workers secured the best possible deal. US Steel will remain rooted in the United States and continue to call Pittsburgh home. Through our partnership with Nippon Steel, we are poised to grow better and bigger, with transformative investment, cutting-edge technology, and the creation of good-paying jobs across the United States,” Dave Burritt, US Steel CEO.