Gary Mayor Eddie Melton has been supportive of a deal between Nippon and U.S. Steel for months, citing how it would benefit Gary Works. In August, it was announced that Nippon Steel would invest $300 million into the local facility. A Nippon executive later said the company would invest $1 billion into Gary Works.

President Donald Trump touts Nippon Steel’s partnership with U.S. Steel, calling it “a blockbuster agreement" that ensures the company “stays an American company."

President Donald Trump touted a "blockbuster agreement" between U.S. Steel and Japanese company Nippon Steel that he said would keep the U.S. steelmaker in Pittsburgh.

President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep the iconic American steelmaker under U.

President Donald Trump is scheduled to travel to Pittsburgh on Friday to herald the partnership — a move he initially opposed and pledged to block.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $42.0, a high estimate of $45.00, and a low estimate of $38.00. This upward trend is evident, with the current average reflecting a 4.14% increase from the previous average price target of $40.33.

U.S. Sen. David McCormick says an arrangement for Japan-based Nippon Steel to invest in U.S. Steel will guarantee an American CEO, a majority of U.S. board members and U.S. government approval over certain corporate functions.

President Donald Trump traveled to Pittsburgh Friday to celebrate a deal he once vowed to oppose - Japanese steelmaker Nippon Steel’s long-announced plans to buy iconic American steelmaker US Steel.