U.S. Steel and Japan’s Nippon Steel announced Wednesday morning that they have entered into a historic agreement together, days after President Donald Trump approved the merger.
The $14.1 billion deal is expected to create more than 100,000 jobs in the steelmaking industry, the corporations said in a joint statement. Nippon will make at least $11 billion in new investments in U.S. Steel by 2028, which includes initial spending on a greenfield project that will be completed after 2028.
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