US Steel stock surged over 16% after President Donald Trump ordered a new review of the proposed $14.9 billion deal to sell the company to Japan’s Nippon Steel. The decision comes after President Joe Biden blocked the deal in January, citing potential threats to critical US supply chains.
Trump directed the Committee on Foreign Investment in the United States to re-examine the acquisition, seeking measures that would mitigate national security risks. The committee has 45 days to submit a recommendation on the matter. Trump had previously softened his stance on the deal, stating that Nippon Steel would invest heavily in US Steel rather than purchase it.
The stock price jumped significantly following the announcement, indicating investor confidence in the potential new review and its impact on national security concerns.
Source: https://www.cnbc.com/2025/04/07/trump-orders-new-review-of-us-steel-acquisition-by-nippon-steel.html