Nippon Steel Corp. and United States Steel Corp. are on pace to finalize their $14.1 billion combination with President Donald Trump’s administration before a deal deadline later this month, capping an 18-month saga to combine the steelmakers into the world’s second-largest producer.

US Steel (NYSE:X) and Nippon Steel (OTCPK:NISTF) (OTCPK:NPSCY) are on pace to finalize their $14B merger, as talks on the deal between the companies and the Trump administration are ongoing and expected to reach a conclusion before a June 18 deal deadline,

B investment, job security, and higher tariffs on imported steel — and the impact can reach Alabama. Here's the latest on the U.S. Steel, Nippon Steel acquisition deal © 2025 American City Business Journals.

Trump's increased steel tariff could lead to you paying more for appliances and cars, while impacting ports in Philadelphia and Wilmington.

U.S. President Donald Trump hiked nearly all of his tariffs on steel and aluminum imports to a punishing 50% on Wednesday in a move that’s set to hammer businesses from automakers to home builders, and likely push up prices for consumers even further.