Steel Mills

Trump orders new CFIUS review for USS

Written by Ethan Bernard

April 7, 2025

President Trump has ordered a new review of Nippon Steel’s proposed buy of U.S. Steel. It is to be completed within 45 days.

The president on Monday ordered the Committee on Foreign Investment in the United States (CFIUS) to re-examine the potential acquisition of U.S. Steel “to assist me in determining whether further action in this matter may be appropriate,” according to a memorandum released by the White House.

Recall that CFIUS arrived at a split decision in December. President Biden then blocked the deal. But the Biden administration subsequently moved back the date to unwind the deal until June.

“We are pleased that President Trump has ordered a new CFIUS review of our transaction,” a spokesman for Nippon told SMU on Monday.

“We look forward to a timely resolution, so that we can begin making our planned investments that will position U.S. Steel to be a leading global steel producer, providing the highest quality products to American customers and reinforcing the American manufacturing industry,” he added.

Ethan Bernard

Ethan Bernard is managing 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.

Read more from Ethan Bernard

Latest in Steel Mills