Features

Washington considers stake in U.S. Steel as part of Nippon deal: Report
Written by Ethan Bernard
May 27, 2025
The US government could acquire a stake in U.S. Steel as part of Nippon Steel’s $14-billion deal for the Pittsburgh-based steelmaker, according to various media reports.
The Trump administration sees Washington, D.C., acquiring a “golden share” as part of the deal, according to an article in Kyodo News on Tuesday.
This would give the US government “special rights to block certain actions by Nippon Steel such as slashing production capacity,” the article said.
Sen. Dave McCormick (R-Pa.) told CNBC on Tuesday the government would also have a say over the selection of some of the company’s board members, according to an article in The Hill.
Recall that President Trump gave the OK for a “partnership” between U.S. Steel and Nippon late Friday afternoon. However, the details of the deal have yet to be revealed.
“It’s an investment and it’s a partial ownership, but it will be controlled by the USA,” Kyodo News reported President Trump saying on Sunday.
Nippon declined to comment for this article and U.S. Steel did not return a request for comment by time of publication.
 
			    			
			    		Ethan Bernard
Read more from Ethan BernardLatest in Features
 
		                                Galvalume co-inventor Angelo Borzillo passes away
Angelo “Ange” Borzillo has passed away at the age of 92. He leaves behind a legacy that will endure as long as the steel he helped develop: Galvalume sheet steel.
 
		                                Final Thoughts
SMU’s hot-rolled coil price increased for a third consecutive week. And the gains were more pronounced this time following a price hike initiated on Friday by NLMK USA.
 
		                                Saving US pig iron: NEMO Industries CEO Daniel Liss talks bringing back domestic production
NEMO Industries CEO talks cost and reasoning behind a $3-billion pig iron project in Louisiana.
 
		                                Final Thoughts
SMU digs into the vault to look back at an old survey, and to tell what exciting things are still to come.
 
		                                Price on Trade: The foolishness of free trade with controlled economies
It was only a matter of time before a shutdown happened. And, no, we aren’t talking about the federal government’s lapse in appropriations. On Oct. 9, Beijing announced a series of restrictions that will effectively shut down exports of rare earth elements, magnets, and certain downstream products vital to advanced manufacturing.
