President Donald Trump on Friday signed an executive order that finalized a merger between the U.S. Steel corporation and Nippon Steel that keeps the former in the country.
The executive action comes after Trump announced the partnership in May, which will also create 70,000 jobs in the process. Both companies also signed a National Security Agreement that collectively invests $11 billion into the U.S. economy over the next three years.
“This partnership will bring a massive investment that will support our communities and families for generations to come,” the companies said in a joint statement. “We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.”
Trump said last month that the headquarters for U.S. Steel will remain in Pittsburgh, Pennsylvania.
Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.
