Nippon Steel acquires US Steel for $14.9bn after months of struggle
The deal also allows US President Donald Trump to appoint a board member.
![Japanese imports of seafood are seen in a supermarket in Hong Kong, China, on July 12, 2023 [Tyrone Siu/Reuters]](/wp-content/uploads/2025/05/2023-07-12T091047Z_1726854239_RC2L12ATNPEO_RTRMADP_3_JAPAN-FUKUSHIMA-HONGKONG-SEAFOOD-1748584824.jpg?resize=770%2C513&quality=80)
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Investors interpreted Trump’s comments to mean Nippon Steel had received his approval for its takeover.
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Prime Minister Shigeru Ishiba names Shinjiro Koizumi, son of popular former premier Junichiro Koizumi, as successor.
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Package includes support for corporate financing, and subsidies for petrol prices and electricity bills.
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