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Nippon Steel to invest $4 billion for new US Steel mill in $14 bln package, document says

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Nippon Steel to invest $4 billion for new US Steel mill in $14 bln package, document says

20 May 2025, 12:33 pm

1 min read

The Nippon Steel logo is displayed at the company's East Nippon Works Kimitsu Area plant in Kimitsu, east of Tokyo, Japan May 26, 2025. REUTERS/Issei Kato/File Photo

Shares of U.S. Steel rose closed up more than 3% after Reuters exclusively reported that Nippon Steel plans to invest $4 billion in a new U.S. Steel mill as part of $14 billion investment pledge if the Trump administration green lights its bid for the U.S. company.