Trump says US Steel will keep HQ in Pittsburgh as part of $14B ‘partnership’ with Japan-based Nippon

President Donald Trump announced that U.S. Steel will maintain its headquarters in Pittsburgh as part of what he described as a “strategic partnership” with Japan-based Nippon Steel, which has been interested in acquiring it. The $15 billion bid by Nippon Steel to purchase U.S. Steel was blocked by former President Joe Biden and later underwent a national security review under Trump’s administration. Trump stated that after careful consideration and negotiations, U.S. Steel will stay in the United States and retain its headquarters in Pittsburgh. The proposed partnership is expected to generate a minimum of 70,000 jobs and contribute $14 billion to the U.S. economy, although specific details of the agreement and the ownership of U.S. Steel were not disclosed. There was no immediate response from the companies involved.