Wednesday, June 18, 2025

Nippon Steel closes $15b takeover of US Steel

Japan's Nippon Steel has finalized its $15b takeover of US Steel - once a titan of American industry. The deal creates the world's second largest steelmaker which could pose a challenge to Chinese firms that dominate the market. It also gives Nippon a foothold in the US - and a way to avoid Trump's 50% tariff on steel imports. Toni Waterman has more from Washington.

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