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Nippon Steel closed its $14.1 billion takeover of U.S. Steel, bringing to an end an 18-month effort to combine the American and Japanese steelmakers, the companies said in a June 18 statement.

The comments are likely a final salvo from David McCall, who has stood in opposition of U.S. Steel’s proposed sale to the Japanese suitor since the deal was announced in December 2023.

Nippon Steel has bolstered its pledge to invest in U.S. Steel in the event that President Donald Trump approves the Japanese company’s proposed $14.1 billion takeover.

U.S. Commerce Secretary Howard Lutnick has emerged as a key player in determining the future of United States Steel Corp., holding back-to-back meetings with rival bidders for the American steelmaker last week.

The United Steelworkers said investor Ancora wants to sell U.S. Steel Corp.’s state-of-the-art mills to fund sweeping upgrades of union-run facilities.

President Donald Trump’s steel and aluminum tariffs played out across the country as ripples materialized with broad-reaching impacts on automakers, builders and consumers.

Caterpillar Inc. warned that revenue will be “slightly lower” in 2025 as demand concerns weigh on the outlook of the heavy equipment maker.

“I want to have a stake in something that I’m going to be involved in,” Alan Kestenbaum said Jan. 27 in an interview. “If I get the chance to run the show, I’ll invest in myself.”

Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the U.S. on concerns that President Donald Trump soon will reimpose duties.

Nippon Steel Corp. is promising unionized workers of United States Steel Corp. that it won’t send steel shipments from its overseas mills as part of its commitments to seal a $14.1 billion takeover of the American company.