Editorial

16:37 JST, June 15, 2025

A major industry restructuring, which had been buffeted by U.S. politics, is finally set to happen. This deal is likely to make a mark on industrial history and become a new symbol of cooperation between Japan and the United States. The constructive decision by the U.S. government is laudable.

In connection with Nippon Steel Corp.’s plan to purchase U.S. steel giant United States Steel Corp., Nippon Steel announced that U.S. President Donald Trump has “approved” the companies’ partnership.

With that approval, Nippon Steel said it is set to complete the buyout by acquiring 100% of the common stock in U.S. Steel for $14.1 billion (about ¥2 trillion) and realize a deal that will make the U.S. company a wholly owned subsidiary.

The companies have signed a........

© The Japan News