US Steel Agrees to Be Bought by Japan’s Nippon Steel Corporation

A portion of U.S. Steel's Edgar Thomson Works in Braddock, Pennsylvania, is shown on Dec. 18, 2023. U.S. Steel, which played a key role in the nation's industrialization, agreed to be sold to Japan's Nippon Steel in a deal valued at approximately $14.1 billion. An aerial view shows Nippon Steel East Nippon Works Kimitsu Area in Kimitsu, east of Tokyo in this photo taken by Kyodo, Nov. 7, 2023. (Kyodo via Reuters)

One of America’s oldest and most iconic companies, United States Steel Corporation, agreed Monday to be sold to Japan’s largest steel company, Nippon Steel Corporation, or NSC.