Nippon Steel to invest $14B in U.S. Steel if bid allowed, Reuters says

Nippon Steel (NPSCY) plans to invest $14B in U.S. Steel’s (X) operations, including up to $4B in a new steel mill, if the Trump administration green lights its bid for the U.S. company, according to Reuters, citing a document and two people familiar with the matter. Under details of the plan included in the document, the company will invest $11B into U.S. Steel’s infrastructure through 2028, the news service stated.

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