Nippon Steel lifts US Steel investment pledge to $11bn in push to secure deal

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Financial Times 19h ago

Nippon Steel lifts US Steel investment pledge to $11bn in push to secure deal - Financial Times

Quick Summary:

In April, Trump ordered a new national security review of the proposed transaction by the Committee on Foreign Investment in the US, which is set to conclude on Wednesday.

People close to Nippon Steel said it had not given up on making a full acquisition.

The pledge includes $1bn to build a new steel mill, on which a further $3bn is expected to be spent after 2028, the people added.