In June 2025, Nippon Steel acquired US Steel, with the US government retaining a "Golden Share". Nippon Steel first announced the $14.9 billion acquisition back in December 2023. And the Japanese steel giant has pursued the deal despite competing American bids, union disapproval, and seemingly insurmountable political opposition. US Steel was once the world's biggest steel company and remains America's third largest steelmaker. They now face considerable challenges. Nippon Steel was also once the world's largest steel company. And they now face substantial challenges. The two are now together. In this video, Nippon Steel's historic acquisition of US Steel.

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