The merger with US Steel will lead to the creation of the third largest manufacturer in the world.
US President Donald Trump on Friday announced that US Steel and the Japanese Nippon Steel agreed to form a “planned partnership”, which means that the American steel company will remain in the country with headquarters in Pittsburgh.
“This will be a planned partnership between the United States Steel and Nippon Steel, which will create at least 70,000 jobs and add $ 14 billion to the US economy,” Trump said in his post.
high rates
For the leading manufacturer, the US Steel plays a central role in the global expansion strategy during the period of decreased domestic demand.
According to the World Association of Steel Manufacturers, as a result of the merger, the third largest manufacturer of steel in the world in volume of production after the Chinese Baowu Steel Group and the Arcelormittal Luxembourg will be created.
US Steel will remain in America and form a partnership with Nippon, as Trump said
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Azovpromstal® 27 May 2025 г. 13:10 |
