Steel Mills

Nippon could up investment in USS facilities to $7B: Report
Written by Ethan Bernard
March 28, 2025
Nippon Steel could be raising its investment in U.S. Steel facilities to as much as $7 billion in an effort to save its troubled bid for the Pittsburgh-based steelmaker, according to a media report.
The news website Semafor reported on Thursday that the Japanese steelmaker is in talks with the Trump administration on ways to get its bid for U.S. Steel across the line.
This would reportedly involve more than doubling its investment pledge to $7 billion for upgrades to USS facilities from $2.7 billion previously.
The website cited anonymous people familiar with the matter.
The deal, first proposed in December 2023, has faced some significant hurdles, including being blocked by the Biden administration.
However, the deal is still in play, with ongoing lawsuits and the deal yet to be wound down. The most recent update of the twists and turns can be found from SMU’s Laura Miller here.
Spokespersons for Nippon and USS, respectively, did not return a request for comment by time of publication.
Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills
Cliffs, POSCO announce MoU for ‘transformative’ partnership
Cleveland-Cliffs on Thursday said it had signed a memorandum of understanding (MoU) with POSCO to forge a strategic partnership, one Cliffs bills as "transformative."
Cliffs touts steel stamping solution to replace aluminum in automotive
Cliffs said it successfully completed a defect-free trial production of exposed steel parts using aluminum-forming equipment in collaboration with an unnamed OEM,
Nucor navigates mixed flat-rolled markets with strategic muscle
Nucor entered the fourth quarter with clear forward momentum: stronger-than-expected results, solid sheet and plate demand, and construction progress on a major new mill that should add capacity next year.
Nucor scraps plans for new rebar micro mill in Pacific Northwest
Nucor has pulled the plug on a planned rebar micro mill in the Pacific Northwest.
Nucor profits jump, but company cautions on Q4 outlook
Nucor’s profits more than doubled in the third quarter year over year, but the company expects Q4’25 to be lower sequentially.
