A drone view shows Gary Works, the largest integrated steel mill in the U.S., which is operated by U.S. Steel, in Gary, Indiana, U.S., December 12, 2024.
Vincent Alban | Reuters
U.S. President Donald Trump said on Wednesday that he does not want U.S. Steel CorpX.Nto go to Japan, suggesting he no longer supports Nippon Steel‘s5401.Tbid for the American steel producer.
Shares of U.S. Steel fell 13% after the comment in trading after the market closed.
“We don’t want to see it go to Japan. We love Japan, but we, you know, U.S. Steel is very special company. We don’t want it to go to Japan or any other place, and we’re working with them,” Trump said.
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