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    Market Segment

    June 18, 2025

    Nippon/USS finalize 'partnership,' including US government 'Golden Share'

    Written by Ethan Bernard

    Nippon Steel, with its wholly owned subsidiary Nippon Steel North America, and Pittsburgh-based U.S. Steel have finalized their “partnership,” which includes a “Golden Share” for the US government.

    The transaction was first announced in December 2023 and has faced a number of regulatory hurdles, as well as opposition from both Presidents Biden and Trump, the United Steelworkers (USW) union, and others. (To take a quick look at key dates, click here.)

    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.

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