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
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