Japan’s Nippon Steel clinches deal to buy US Steel for $14.9 billion


US Steel may benefit from the spending and tax incentives implemented in President Joe Biden's infrastructure bill

Japan's Nippon Steel has clinched a deal to buy US Steel for $14.9 billion in an auction, which also saw participation from competitors such as including Cleveland-Cliffs, ArcelorMittal and Nucor, according to a news report published by Reuters on Dec. 19.

Thank you for visiting S&P Global AutoTechInsight.

*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload preload