Nippon Steel to invest $14B in U.S. Steel, including new electric arc furnace

Nippon Steel will invest $14 billion in U.S. Steel, including building a new electric arc furnace in the U.S. and $2.4 billion for Pittsburgh-area facilities, as part of a revised deal that gives the U.S. government a golden share and guarantees an American CEO and board majority.

“That $14 billion investment involves building a new electric arc furnace — a more modern steel mill that melts down scrap — somewhere in the U.S.”fortune.com

• 1 source
• fortune.comU.S. Steel and Japan's Nippon Steel just struck a deal that guarantees an American CEO, an American-majority board, and a 'golden share' for Trump's government | FortuneMarc Levy, The Associated PressMay 27, 2025

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