US Steel Corp. and Nippon Steel Corp. appear poised to finalize their $14.1 billion merger, a deal that would create the world’s second-largest steel producer. The proposed combination has been in the works for 18 months, following President Donald Trump’s push to revamp the US steel industry. Despite ongoing negotiations with the US government, both companies have declined to comment. Talks are expected to wrap up before a June 18 merger agreement deadline, according to sources familiar with the matter.
Source: https://www.bloomberg.com/news/articles/2025-06-05/us-steel-deal-seen-closing-by-merger-deadline-after-trump-pivot