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The U.S. government is poised to receive a so-called golden share in U.S. Steel as a condition for approving Nippon Steel's proposed acquisition of the American company.

President Donald Trump said U.S. Steel will keep its headquarters in Pittsburgh in a possible signal that he’ll approve a bid by Japan-based Nippon Steel to invest in the steelmaker.

The comments are likely a final salvo from David McCall, who has stood in opposition of U.S. Steel’s proposed sale to the Japanese suitor since the deal was announced in December 2023.

Nippon Steel has bolstered its pledge to invest in U.S. Steel in the event that President Donald Trump approves the Japanese company’s proposed $14.1 billion takeover.

Nippon Steel plans to invest $14 billion in U.S. Steel if the Trump administration approves the merger of the companies, Reuters reported.

Nucor, the biggest steel manufacturer in North America, shut down production at some of its facilities after detecting an unauthorized intrusion into its computer systems.

U.S. Steel shares dropped after President Donald Trump on consecutive days reiterated his long-held position that he doesn’t want to see the steelmaker owned by a Japanese company.

President Donald Trump ordered a review of the potential sale of U.S. Steel Corp. to Nippon Steel Corp., opening the door to amend a decision by his predecessor to block the transaction.

Ancora Holdings Group has unveiled a turnaround plan for U.S. Steel that it estimates would deliver shareholders more than $75 per-share in value, if a takeover by Nippon Steel falls through.

U.S. Commerce Secretary Howard Lutnick has emerged as a key player in determining the future of United States Steel Corp., holding back-to-back meetings with rival bidders for the American steelmaker last week.