Tokyo, May 26, 2025 (AFP) - Nippon Steel shares gain on US Steel 'partnership'

NAMPA / AFP

2025-05-26

Nippon Steel shares jumped as much as 7.4 percent on Monday after US President Donald Trump threw his support behind a new "partnership" between with Japanese firm and US Steel. Trump's remarks on Friday were the latest in a long saga surrounding Nippon Steel's $14.9-billion takeover of US Steel first announced in late 2023. The US firm's management had accepted the offer but unions opposed it and Trump's predecessor Joe Biden blocked it on natio......

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