U. S. Steel(US:X) Ge Long Hui·2025-05-24 07:53Core Points - The announcement of a partnership between U.S. Steel and Japan's Nippon Steel has surprised the market, with President Trump stating that U.S. Steel will remain in the U.S. and maintain its headquarters in Pittsburgh [1][5] - The stock price of U.S. Steel surged by 21.24%, indicating market optimism regarding the deal [2] - The merger is expected to create the world's third-largest steel producer, following China's Baowu Steel Group and Luxembourg's ArcelorMittal [6][7] Company Impact - The partnership aims to enhance U.S. Steel's operations and is projected to create at least 70,000 jobs and contribute $14 billion to the U.S. economy, with significant investments planned over the next 14 months [7] - U.S. Steel has committed to maintaining its American identity while collaborating with Nippon Steel to bring substantial investments, new technologies, and thousands of jobs over the next four years [7][8] - Nippon Steel views this collaboration as a game-changer for U.S. Steel and all its stakeholders [8] Regulatory Context - The acquisition was initially blocked by former President Biden due to national security concerns, but Trump has initiated a new review process for the proposed acquisition [5][6]