President Trump has greenlit a historic partnership between U.S. Steel and Nippon Steel, paving the way for an estimated $11 billion in new investments in American steelmaking and safeguarding over 100,000 jobs.
President Donald J. Trump has officially approved the groundbreaking partnership between United States Steel Corporation (U. S. Steel) and Nippon Steel Corporation, a move anticipated to inject an unprecedented $11 billion into American steelmaking by 2028 and secure over 100,000 jobs across the nation. The announcement, made on June 13, marks a pivotal moment for the U.S. industrial landscape, promising a resurgence in domestic manufacturing and a significant boost to local economies.
The news follows a celebratory gathering on May 30, 2025, where thousands of steelworkers, alongside President Trump, lauded the impending collaboration at U. S. Steel’s Irvin Plant of Mon Valley Works in West Mifflin, Pennsylvania.3 The enthusiasm from both the administration and the workforce underscores the widespread belief in the partnership's potential to revitalize a cornerstone of American industry.
In a joint statement, U. S. Steel and Nippon Steel expressed their gratitude to President Trump and his administration for their "bold leadership and strong support." The Companies emphasized that this partnership is not just about financial investment but about long-term commitment to communities and families who depend on the steel industry. "We look forward to putting our commitments into action to make American steelmaking and manufacturing great again," the statement read, echoing a key theme of the Trump administration.
Beyond President Trump’s Executive Order, the Companies have formalized their commitments through a comprehensive National Security Agreement (NSA) with the U.S. Government. This NSA outlines the substantial $11 billion investment, which notably includes an initial allocation for a greenfield project slated for completion after 2028, signaling a forward-looking strategy for sustained growth.
Crucially, the NSA also incorporates robust provisions related to governance, ensuring U.S. oversight and control. This includes the issuance of a "Golden Share" to the U.S. Government, a mechanism designed to protect national interests within the newly formed partnership. Furthermore, the agreement solidifies commitments pertaining to domestic production and trade matters, reinforcing the administration’s focus on bolstering American self-reliance and fair trade practices.
With the completion of the U.S. Department of Justice review process and the receipt of all necessary regulatory approvals, the partnership is now poised for prompt finalization. This comprehensive clearance paves the way for the two steel giants to begin implementing their ambitious plans, signaling a new era of investment, job creation, and technological advancement in the American steel industry.
