Trump OKs Nippon Steel investment in U.S. Steel
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Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government’s terms
President Donald Trump signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted
Gary Mayor Eddie Melton has been supportive of a deal between Nippon and U.S. Steel for months, citing how it would benefit Gary Works. In August, it was announced that Nippon Steel would invest $300 million into the local facility. A Nippon executive later said the company would invest $1 billion into Gary Works.
Gary Mayor Eddie Melton said Nippon Steel plans to pump $1 billion in the Gary Works U.S. Steel facility — the largest steel plant in the country.
TOKYO -- Nippon Steel's long-sought $14.1 billion acquisition of U.S. Steel and a reported pledge of $14 billion in additional investment are raising concerns about the financial impact on the Japanese steelmaker and whether it will contribute enough profit to be worth the cost.
Steel will remain American, and we will grow bigger and stronger through a partnership with Nippon Steel that brings massive investment ... speculate about the impact of today’s announcement ...
There's $14 billion of investment that Nippon is going to be ... life working inside the Granite City steel plant. Williams said he worries about the impact the proposed federal deal could have ...
There are reports that Nippon will spend billions of dollars on U.S. Steel facilities in Pennsylvania, Alabama, Arkansas, Minnesota and Indiana.