The federal government will also have say over U.S. board members in a tie-up between Japan’s Nippon Steel and U.S. Steel, according to a lawmaker.

Local steelworkers, community leaders and economic experts said President Donald Trump's announcement Friday that a deal was struck between U.S. Steel and Nippon Steel will go down in American history as the most enduring economic "big,

President Donald Trump appeared to approve a long-pending deal between U.S. Steel and its Japanese rival Nippon Steel on Friday, posting on his Truth Social account that there will be a “planned partnership” between the companies.