U.S. Steel Soars 14% as Trump Orders Review of Biden-Blocked $14.1B Nippon Steel Deal

U.S. Steel Soars 14% as Trump Orders Review of Biden-Blocked $14.1B Nippon Steel Deal

Key Highlights:

• U.S. Steel (X) shares jumped over 14% Monday following Trump’s directive to review the blocked $14.1 billion acquisition by Japan’s Nippon Steel.

• Trump has given the Committee on Foreign Investment in the U.S. (CFIUS) 45 days to assess whether national security concerns can be resolved.

• The deal was initially blocked by former President Joe Biden in January due to national security risks.

• A recommendation from CFIUS is expected within 45 days.

Shares of U.S. Steel (NYSE: X) surged more than 14% Monday after President Donald Trump ordered a formal review of the company’s proposed $14.1 billion acquisition by Japan’s Nippon Steel—a deal previously blocked by President Joe Biden on national security grounds.

In a presidential directive, Trump instructed the Committee on Foreign Investment in the United States (CFIUS) to reexamine the transaction and determine whether the involved parties can mitigate the national security risks cited in the original block.

“I am directing CFIUS to conduct a review of the acquisition of U.S. Steel by the Purchasers, to assist me in determining whether further action may be appropriate,” Trump stated.

The Biden administration had halted the deal in January, voicing concerns that foreign ownership of a major American steelmaker could pose national security issues. However, Trump pointed out that Biden’s order had left the door open for future action, allowing for a new review under changing circumstances.

Both U.S. Steel and Nippon Steel challenged the block in court, arguing that the acquisition would strengthen global competitiveness and not compromise U.S. interests.

Trump now expects CFIUS to submit a formal recommendation within 45 days, outlining whether the parties’ proposed safeguards are sufficient to address potential security risks.

The announcement sent U.S. Steel shares climbing in afternoon trading, signaling renewed investor optimism about the deal’s potential revival.