Nippon Steel yesterday touted a “historic partnership” with US Steel after President Donald Trump approved a multi-billion-dollar merger. But the

The bulk of expenditures would be made in the next 14 months, he said, and it will create and save more than 100,000 American jobs, including 14,000 in Pennsylvania. As part of the deal, U.S. Steel will maintain all its current operating blast furnaces at full capacity for at least the next 10 years.

U.S. President Donald Trump said on Thursday the United States had a "golden share" in U.S. Steel as part of a deal for Nippon Steel to buy the iconic American company.

WASHINGTON (Reuters) -A U.S. Appeals court on Friday extended a pause in litigation between Nippon Steel and the Trump administration as the two sides put the finishing touches on an agreement that would allow the Japanese steelmaker to acquire U.S. Steel.