Nippon Steel’s $15B US Steel Acquisition: Jobs, Automation, and National Security Concerns
Nippon Steel and U.S. Steel finalized their $15 billion merger, creating the world’s fourth-largest steelmaker. The deal, initially proposed in December 2023, faced significant delays due to national security concerns and political opposition from both the Biden and Trump administrations. To address these concerns, a “golden share” provision was added, granting the federal government oversight on key decisions. The merger combines Nippon Steel’s advanced technology with U.S. Steel’s market access, ultimately benefiting both companies.
John Q. Hosedrinker