Nippon Steel/U.S. Steel: Impending Proxy Fight at U.S. Steel Threatens a Still-Tenuous Trump-Backed Deal

Published on Mar 28, 2025

The Trump administration is unlikely to sign off on any restructured deal between U.S. Steel (NYSE: X) and Japan’s Nippon Steel (Tokyo: 5401) until an activist hedge fund’s high-stakes play to replace the American company’s leadership and board is resolved, a Capitol Forum analysis indicates.

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