Nippon Steel made new U.S. Steel proposal to Trump administration

Japan steelmaker suggested increase in investment, sources say

The Japanese steelmaker had proposed an acquisition of U.S. Steel, but has faced opposition from the U.S. government and labor. (Photo by Ryuji Nishijima)

YUJI OHIRA

February 9, 2025 01:45 JST

TOKYO -- Nippon Steel made a new proposal to the Trump administration regarding its plan to acquire U.S. Steel, Nikkei has learned, possibly influencing what U.S. President Donald Trump said following his meeting with Japanese Prime Minister Shigeru Ishiba in Washington on Friday.

Details of the proposal have not been revealed, but sources say it appears to include an increased investment in U.S. Steel.