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

Ethan Bernard is a reporter and editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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