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Nippon Steel Corporation + U. S. Steel

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Steel</h1><h1 class="heading-5">Moving Forward Together as the ‘Best Steelmaker with World-Leading Capabilities’<br/></h1></div></div></section><section class="section background-dark"><div class="w-layout-blockcontainer container home-quotes-container w-container"><h2 class="color-blue text-align-center max-width-large">The economic benefits of Nippon Steel’s guaranteed $1B Investment into the Mon Valley</h2><div class="w-layout-grid grid-3-col investment-grid"><div id="w-node-_050c9dc4-3d23-3416-910d-0b36a811bc9c-10259df9"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f5032892f07bd19feaf_Economic-Impact-Study_01.webp" loading="lazy" sizes="(max-width: 479px) 93vw, (max-width: 767px) 96vw, (max-width: 991px) 94vw, (max-width: 1227px) 88vw, 1080px" srcset="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f5032892f07bd19feaf_Economic-Impact-Study_01-p-500.webp 500w, https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f5032892f07bd19feaf_Economic-Impact-Study_01-p-800.webp 800w, https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f5032892f07bd19feaf_Economic-Impact-Study_01.webp 1080w" alt=""/></div><div id="w-node-ae0ec670-b994-85ce-7360-4bca7cfcb30d-10259df9"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f656b709aacbfd90c5a_Economic-Impact-Study_02.webp" loading="lazy" sizes="(max-width: 479px) 93vw, (max-width: 767px) 96vw, (max-width: 991px) 94vw, (max-width: 1227px) 88vw, 1080px" srcset="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f656b709aacbfd90c5a_Economic-Impact-Study_02-p-500.webp 500w, https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f656b709aacbfd90c5a_Economic-Impact-Study_02-p-800.webp 800w, https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f656b709aacbfd90c5a_Economic-Impact-Study_02.webp 1080w" alt=""/></div><div id="w-node-_62ce1f6a-13f8-36f3-9918-7b0668abf2d8-10259df9"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f6d451fab648101634e_Economic-Impact-Study_03.webp" loading="lazy" sizes="(max-width: 479px) 93vw, (max-width: 767px) 96vw, (max-width: 991px) 94vw, (max-width: 1227px) 88vw, 1080px" srcset="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f6d451fab648101634e_Economic-Impact-Study_03-p-500.webp 500w, https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f6d451fab648101634e_Economic-Impact-Study_03-p-800.webp 800w, https://cdn.prod.website-files.com/657c753df917ef83a31f840c/67002f6d451fab648101634e_Economic-Impact-Study_03.webp 1080w" alt=""/></div></div><div class="spacer"></div><div class="wsj-block"><h2 class="h2-wsj">Independent Third-Party Economic Impact Study on Nippon Steel’s Investments in Pennsylvania</h2><a href="/impact-study" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">Read the Full Study</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/659d686347b39872856a14c5_icon-download.svg" loading="lazy" alt="" class="icon-download"/></a><div class="button-divider"></div><a href="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/66fc05a8897b4839d419186e_Nippon%20Steel%20%241B%20Investment%20PA%20Economic%20Impact%20Study%20Infographic.pdf" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">Read the Key Takeaways</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/659d686347b39872856a14c5_icon-download.svg" loading="lazy" alt="" class="icon-download"/></a></div><div class="spacer"></div><div class="wsj-block"><h2 class="h2-wsj">Nippon Steel Open Letter to Mon Valley Works and Gary Works</h2><a href="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/673b3baad02df23022489768_FINAL%20Nippon%20Steel%20Open%20Letter%20to%20MVW%20and%20GW.pdf" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">Read the letter here</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/659d686347b39872856a14c5_icon-download.svg" loading="lazy" alt="" class="icon-download"/></a><div class="button-divider"></div></div><div class="spacer spacer-xl"></div><h2 class="home-video-h2"><strong>Nippon Steel and U. S. Steel - Preserving the Legacy of the Mon Valley</strong></h2><div style="padding-top:56.27659574468085%" class="home-video w-video w-embed"><iframe class="embedly-embed" src="//cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fplayer.vimeo.com%2Fvideo%2F1029320186%3Fh%3D31790c317f%26app_id%3D122963&dntp=1&display_name=Vimeo&url=https%3A%2F%2Fvimeo.com%2F1029320186%2F31790c317f&image=https%3A%2F%2Fi.vimeocdn.com%2Fvideo%2F1949630810-bb78a1b92c28a81f1adc03b1e7815fff108761ec120504f088acefd763897b66-d_1280&key=96f1f04c5f4143bcb0f2e68c87d65feb&type=text%2Fhtml&schema=vimeo" width="940" height="529" scrolling="no" allowfullscreen title="Nippon Steel-U. S. Steel: Legacy"></iframe></div><div class="w-layout-grid grid-3-col-video"><div><div style="padding-top:100%" class="home-video w-video w-embed"><iframe class="embedly-embed" src="//cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fplayer.vimeo.com%2Fvideo%2F1026202699%3Fh%3D928a46b01f%26app_id%3D122963&dntp=1&display_name=Vimeo&url=https%3A%2F%2Fvimeo.com%2F1026202699%2F928a46b01f&image=https%3A%2F%2Fi.vimeocdn.com%2Fvideo%2F1946040299-f9cb887c956faba846bfa744b7fcfc92006cc5c10bde3f5153c9af2272b64318-d_960&key=c4e54deccf4d4ec997a64902e9a30300&type=text%2Fhtml&schema=vimeo" width="940" height="940" scrolling="no" allowfullscreen title="NIPPON: TV Spot Digital Ads - Ad #1 (SQUARE)"></iframe></div></div><div id="w-node-d95cfd9c-d8ea-3e4c-c107-3eb4a17637c2-10259df9"><div style="padding-top:100%" class="home-video w-video w-embed"><iframe class="embedly-embed" src="//cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fplayer.vimeo.com%2Fvideo%2F1025558462%3Fh%3D375285f5d5%26app_id%3D122963&dntp=1&display_name=Vimeo&url=https%3A%2F%2Fvimeo.com%2F1025558462%2F375285f5d5&image=https%3A%2F%2Fi.vimeocdn.com%2Fvideo%2F1945155769-63ab1f256e20e87ea80eb7eb3a0f775dc8684fdb1ad9d7ddcfe3190d47a612b8-d_960&key=96f1f04c5f4143bcb0f2e68c87d65feb&type=text%2Fhtml&schema=vimeo" width="940" height="940" scrolling="no" allowfullscreen title="NIPPON: TV Spot Digital Ads - Ad #2 (SQUARE)"></iframe></div></div><div id="w-node-e348ea6f-136e-f905-a991-079b5e345a3b-10259df9" style="padding-top:100%" class="home-video w-video w-embed"><iframe class="embedly-embed" src="//cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fplayer.vimeo.com%2Fvideo%2F1025563073%3Fh%3D8b8f36ee9d%26app_id%3D122963&dntp=1&display_name=Vimeo&url=https%3A%2F%2Fvimeo.com%2F1025563073%2F8b8f36ee9d&image=https%3A%2F%2Fi.vimeocdn.com%2Fvideo%2F1945895039-9367a3321a07a2a78165eb8648059cd67a6b4ef219fdaafb75fa43fb9dee7d8a-d_960&key=96f1f04c5f4143bcb0f2e68c87d65feb&type=text%2Fhtml&schema=vimeo" width="940" height="940" scrolling="no" allowfullscreen title="NIPPON: TV Spot Digital Ads - Ad #3 (SQUARE)"></iframe></div></div><div class="spacer spacer-xl"></div><h2 class="home-video-h2">What does Nippon Steel&#x27;s proposed investment in U. S. Steel&#x27;s Mon Valley Works mean for PA?</h2><div style="padding-top:56.17021276595745%" class="home-video w-video w-embed"><iframe class="embedly-embed" src="//cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2Ft-p7U-C4u1E%3Ffeature%3Doembed&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dt-p7U-C4u1E&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2Ft-p7U-C4u1E%2Fhqdefault.jpg&key=96f1f04c5f4143bcb0f2e68c87d65feb&type=text%2Fhtml&schema=youtube" width="940" height="528" scrolling="no" allowfullscreen title="What does Nippon Steel's proposed investment in U. S. Steel's Mon Valley Works mean for PA?"></iframe></div><div class="spacer spacer-xl"></div><h2 class="home-video-h2">Keep Steel in the Steel City</h2><div style="padding-top:56.17021276595745%" class="home-video w-video w-embed"><iframe class="embedly-embed" src="//cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FUcPSDbWB-VQ%3Ffeature%3Doembed&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DUcPSDbWB-VQ&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FUcPSDbWB-VQ%2Fhqdefault.jpg&key=96f1f04c5f4143bcb0f2e68c87d65feb&type=text%2Fhtml&schema=youtube" width="940" height="528" scrolling="no" allowfullscreen title="U. S. Steel and Nippon Steel Partnership Keeps Steel in the Steel City"></iframe></div><div class="spacer spacer-xl"></div><div class="wsj-block"><h2 class="h2-wsj">Nippon Steel Announces Transformative Investments at U. S. Steel&#x27;s Mon Valley Works and Gary Works</h2><a href="https://cdn.prod.website-files.com/657e2ba174351fdd7e22a128/66cf9662bcf2179680fcb521_U.%20S.%20Steel%20Press%20Release%20082824.pdf" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">Read The Announcement Here</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/659d686347b39872856a14c5_icon-download.svg" loading="lazy" alt="" class="icon-download"/></a></div><div class="spacer spacer-xl"></div><h2 class="color-blue h2-margin-condensed text-align-center">In The News</h2><div data-delay="10000" data-animation="slide" class="home-slider news-slider w-slider" data-autoplay="true" data-easing="ease" data-hide-arrows="false" data-disable-swipe="false" data-autoplay-limit="0" data-nav-spacing="3" data-duration="500" data-infinite="true"><div class="w-slider-mask"><div class="w-slide"><div class="slide-content news-slide-content"><div class="wsj-block wsj-home"><blockquote class="home-blockquote">RealClearMarkets: To Re-Invigorate U.S. Steel, Let Nippon Steel Purchase It</blockquote><a href="https://www.realclearmarkets.com/articles/2024/11/19/to_re-invigorate_us_steel_let_nippon_steel_purchase_it_1073037.html#google_vignette" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">read Article</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657d160cb8e1715fec8af077_External%20Link_nav_icon.svg" loading="lazy" alt="" class="icon-download"/></a></div></div></div><div class="w-slide"><div class="slide-content news-slide-content"><div class="wsj-block wsj-home"><blockquote class="home-blockquote">The Wall Street Journal: Biden, Harris, Trump, Vance and the Dumbest Economic Idea</blockquote><a href="https://webreprints.djreprints.com/2526734.pdf" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">read Article</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657d160cb8e1715fec8af077_External%20Link_nav_icon.svg" loading="lazy" alt="" class="icon-download"/></a></div></div></div><div class="w-slide"><div class="slide-content news-slide-content"><div class="wsj-block wsj-home"><blockquote class="home-blockquote">The Detroit News: Here’s why the auto industry supports a U.S. Steel sale to Japan’s Nippon Steel</blockquote><a href="https://www.detroitnews.com/story/business/autos/2024/09/16/why-automakers-support-us-steel-sale-to-japanese-nippon-steel-2024/75188941007/" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">read Article</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657d160cb8e1715fec8af077_External%20Link_nav_icon.svg" loading="lazy" alt="" class="icon-download"/></a></div></div></div><div class="w-slide"><div class="slide-content news-slide-content"><div class="wsj-block wsj-home"><blockquote class="home-blockquote">Penn Live: Pennsylvania should celebrate Japanese investment in its steel industry</blockquote><a href="https://www.pennlive.com/opinion/2024/09/pennsylvania-should-celebrate-japanese-investment-in-its-steel-industry-opinion.html" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">read Article</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657d160cb8e1715fec8af077_External%20Link_nav_icon.svg" loading="lazy" alt="" class="icon-download"/></a></div></div></div><div class="w-slide"><div class="slide-content news-slide-content"><div class="wsj-block wsj-home"><blockquote class="home-blockquote">Forbes: Blocking The Nippon-US Steel Deal Would Undermine National Security</blockquote><a href="https://www.forbes.com/sites/beltway/2024/09/27/blocking-the-nippon-us-steel-deal-would-undermine-national-security/" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">read Article</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657d160cb8e1715fec8af077_External%20Link_nav_icon.svg" loading="lazy" alt="" class="icon-download"/></a></div></div></div><div class="w-slide"><div class="slide-content news-slide-content"><div class="wsj-block wsj-home"><blockquote class="home-blockquote">CNBC: Dartmouth’s Matthew Slaughter discusses how Nippon-U. S. Steel deal does not pose national security risk</blockquote><a href="https://www.cnbc.com/video/2024/09/05/dont-see-how-nippon-u-s-steel-deal-poses-a-national-security-risk-dartmouths-matthew-slaughter.html" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">Watch Video</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657d160cb8e1715fec8af077_External%20Link_nav_icon.svg" loading="lazy" alt="" class="icon-download"/></a></div></div></div><div class="w-slide"><div class="slide-content news-slide-content"><div class="wsj-block wsj-home"><blockquote class="home-blockquote">Why does Pennsylvania need the <span class="display-inline-block">U. S. Steel</span>, Nippon merger? Protecting jobs, modernizing steelmaking, and increasing competitiveness</blockquote><div class="w-embed"><audio controls="" name="media"> <source src="https://www.dropbox.com/scl/fi/9o7mz7lpa00cuzqgeyl1u/USS-Investment-60-mix01RF.mp3?rlkey=hk62dbx9ickumh3nkvbccm3xp&e=2&st=4gnnupmx&raw=1" type="audio/mpeg"> Your browser does not support the audio tag. </audio></div></div></div></div></div><div class="left-arrow news-arrow w-slider-arrow-left"><div class="w-icon-slider-left"></div></div><div class="right-arrow news-arrow w-slider-arrow-right"><div class="w-icon-slider-right"></div></div><div class="w-slider-nav w-round"></div></div><div class="spacer spacer-xl"></div><h2 class="home-video-h2">U. S. Steel Employees Rally in Support of Nippon Steel Transaction</h2><div style="padding-top:56.17021276595745%" class="home-video w-video w-embed"><iframe class="embedly-embed" src="//cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2Fqdqp0rKW0nw&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dqdqp0rKW0nw&image=http%3A%2F%2Fi.ytimg.com%2Fvi%2Fqdqp0rKW0nw%2Fhqdefault.jpg&key=96f1f04c5f4143bcb0f2e68c87d65feb&type=text%2Fhtml&schema=youtube" width="940" height="528" scrolling="no" title="YouTube embed" frameborder="0" allow="autoplay; fullscreen; encrypted-media; picture-in-picture;" allowfullscreen="true"></iframe></div><div class="spacer"></div><div class="wsj-block"><h2 class="h2-wsj">Japan-US Business Council Comments</h2><a href="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/66d9cf61b22f02ca13392676_Japan-US%20Business%20Council%20Comments.pdf" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">Read The Announcement Here</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/659d686347b39872856a14c5_icon-download.svg" loading="lazy" alt="" class="icon-download"/></a></div><div class="text-align-center margin-bottom-2"><div class="spacer"></div><h2 class="color-blue h2-margin-condensed">Wide Spread Support</h2></div><div data-delay="10000" data-animation="slide" class="home-slider w-slider" data-autoplay="true" data-easing="ease" data-hide-arrows="false" data-disable-swipe="false" data-autoplay-limit="0" data-nav-spacing="3" data-duration="500" data-infinite="true"><div class="w-slider-mask"><div class="w-slide"><div class="slide-content"><blockquote class="home-blockquote">“For the United States to say that a Japanese company investing in an American manufacturing firm constitutes a threat to American national security is strange and troubling.”</blockquote><div class="quote-attribution-name home-quote-attribution-name">Michael R. Strain</div><div class="quote-attribution-title home-quote-attribution-title">Economist, American Enterprise Institute</div><div class="date home-date">April 10, 2024</div></div></div><div class="w-slide"><div class="slide-content"><blockquote class="home-blockquote">“Japan is a strategic ally and the largest foreign investor in the United States, directly employing nearly one million American workers. Facts I hope the Administration keeps in mind when preparing for next month’s state visit.”</blockquote><div class="quote-attribution-name home-quote-attribution-name">Nancy McLernon</div><div class="quote-attribution-title home-quote-attribution-title">President &amp; CEO, Global Business Alliance</div><div class="date home-date">March 13, 2024</div></div></div><div class="w-slide"><div class="slide-content"><blockquote class="home-blockquote"> “Attempts to politicize the objective Committee on Foreign Investment in the United States (CFIUS) review of NSC’s acquisition of U. S. Steel are both inappropriate and counterproductive…officials must be careful not to send a chilling signal to international companies that U.S. politics may put their job-creating investments in the U.S. at risk.”</blockquote><div class="quote-attribution-name home-quote-attribution-name">John Murphy</div><div class="quote-attribution-title home-quote-attribution-title">U.S. Chamber Senior Vice President and Head of International</div><div class="date home-date">March 14, 2024</div></div></div><div class="w-slide"><div class="slide-content"><blockquote class="home-blockquote">&quot;This (the transaction) isn&#x27;t about acquiring a prized U.S. asset. It&#x27;s about investing in an American company, creating jobs in Pennsylvania, and training workers in cutting-edge technologies.&quot;</blockquote><div class="quote-attribution-name home-quote-attribution-name">Kenneth Weinstein</div><div class="quote-attribution-title home-quote-attribution-title">Japan Chair, Hudson Institute</div><div class="date home-date">March 14, 2024</div></div></div><div class="w-slide"><div class="slide-content"><blockquote class="home-blockquote">&quot;Given everything that the Nippon Steel executives have said about what they plan to do, honoring labor agreements, I don&#x27;t think there&#x27;s a national security concern at all. I’ve also made the argument that Japan should be on the CFIUS whitelist.”</blockquote><div class="quote-attribution-name home-quote-attribution-name">Mike Gallagher</div><div class="quote-attribution-title home-quote-attribution-title">U.S. Rep, R-WI 8<sup>th</sup> District</div><div class="date home-date">March 14, 2024</div></div></div><div class="w-slide"><div class="slide-content"><blockquote class="home-blockquote">  “There is virtually nobody who would argue that Japan represents a national security risk. In fact, the technology transfer in this case is going from Japan to the U.S. where there would be significant potential upgrades of it.”</blockquote><div class="quote-attribution-name home-quote-attribution-name">David Faber</div><div class="quote-attribution-title home-quote-attribution-title">Co-anchor, CNBC’s Squawk on the Street</div><div class="date home-date">March 14, 2024</div></div></div><div class="w-slide"><div class="slide-content"><blockquote class="home-blockquote">“The rest of us, including the unions in the industries downstream like the United Autoworkers, should pay closer attention. They must actively support the proposed Nippon-U. S. Steel deal because it’s in their best interest.”</blockquote><div class="quote-attribution-name home-quote-attribution-name">Peter Roff</div><div class="quote-attribution-title home-quote-attribution-title">Contributing Editor, US News &amp; World Report</div><div class="date home-date">March 14, 2024</div></div></div><div class="w-slide"><div class="slide-content"><blockquote class="home-blockquote">“Why the bipartisan hostility toward Nippon Steel deal? Friendshoring is better than offshoring.”</blockquote><div class="quote-attribution-name home-quote-attribution-name">Steve Forbes</div><div class="quote-attribution-title home-quote-attribution-title">Chairman &amp; Editor-In-Chief, Forbes Media</div><div class="date home-date">March 1, 2024</div></div></div></div><div class="left-arrow w-slider-arrow-left"><div class="w-icon-slider-left"></div></div><div class="right-arrow w-slider-arrow-right"><div class="w-icon-slider-right"></div></div><div class="w-slider-nav w-round"></div></div><div class="text-align-center"><a href="/support-for-the-combination" class="download-pdf-button wsj-button support-button w-inline-block"><div class="outline-button-copy">Read More support for the transaction</div></a></div></div></section><section class="section background-dark"><div class="w-layout-blockcontainer container home-cards-container w-container"><div class="w-layout-grid grid-3-col"><div id="w-node-bcfa5fc9-d31f-7cdd-6d33-7d7797680d94-10259df9" class="home-block home-block-1"><div class="home-block-inner-1"><h2 id="w-node-bcfa5fc9-d31f-7cdd-6d33-7d7797680d96-10259df9" class="h2-home">Combination is the Best Deal for American Steel</h2><ul role="list" class="home-list"><li class="home-list-item">Nippon Steel has pledged that no jobs will be lost as a result of the transaction, it will maintain the iconic U. S. Steel name and branding, and it will keep the Pittsburgh headquarters which supports 1,000 roles across corporate, research, commercial, information technology, finance, human resources, legal and communications functions</li><li class="home-list-item">Builds on NSC’s established presence in the United States and is a positive development for American steel, American jobs and America’s national security</li><li class="home-list-item">NSC will contribute new capital and technological advances to U. S. Steel that will support job growth and create new opportunities for our workforce</li><li class="home-list-item">NSC will bring additional resources and expertise to support investment in American steel, while also accelerating innovation, decarbonization and digitization at U. S. Steel</li><li class="home-list-item">NSC has a proven record of acquiring, operating and investing in steel mill facilities in the U.S.</li></ul></div><a href="/transaction-benefits-for-all-stakeholders" class="learn-more-block w-inline-block"><div class="home-link">Learn More</div><div class="icon-embed-xxsmall w-embed"><svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" aria-hidden="true" role="img" class="iconify iconify--ic" width="100%" height="100%" preserveAspectRatio="xMidYMid meet" viewBox="0 0 24 24"><path fill="currentColor" d="M5 13h11.17l-4.88 4.88c-.39.39-.39 1.03 0 1.42c.39.39 1.02.39 1.41 0l6.59-6.59a.996.996 0 0 0 0-1.41l-6.58-6.6a.996.996 0 1 0-1.41 1.41L16.17 11H5c-.55 0-1 .45-1 1s.45 1 1 1"></path></svg></div></a></div><div id="w-node-bcfa5fc9-d31f-7cdd-6d33-7d7797680da5-10259df9" class="home-block home-block-2"><div class="home-block-inner-1"><h2 id="w-node-bcfa5fc9-d31f-7cdd-6d33-7d7797680da7-10259df9" class="h2-home">Secures Long-Term Future of Union Jobs</h2><ul role="list" class="home-list"><li class="home-list-item">NSC is committed to partnering with the United Steelworkers (USW): Following the closing of the transaction, NSC will honor all USW agreements and recognizes the USW as the bargaining representative for USW represented employees</li><li class="home-list-item">No changes will be made to existing collective bargaining agreement</li><li class="home-list-item">Represented members will continue receiving their paychecks, profit sharing and benefits from U. S. Steel</li><li class="home-list-item">Expands NSC’s existing strong relationship with the USW, as NSC already has approximately 620 USW-represented employees in the United States</li></ul></div><a href="/transaction-benefits-for-represented-employees" class="learn-more-block w-inline-block"><div class="home-link">Learn More</div><div class="icon-embed-xxsmall w-embed"><svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" aria-hidden="true" role="img" class="iconify iconify--ic" width="100%" height="100%" preserveAspectRatio="xMidYMid meet" viewBox="0 0 24 24"><path fill="currentColor" d="M5 13h11.17l-4.88 4.88c-.39.39-.39 1.03 0 1.42c.39.39 1.02.39 1.41 0l6.59-6.59a.996.996 0 0 0 0-1.41l-6.58-6.6a.996.996 0 1 0-1.41 1.41L16.17 11H5c-.55 0-1 .45-1 1s.45 1 1 1"></path></svg></div></a></div><div id="w-node-bcfa5fc9-d31f-7cdd-6d33-7d7797680db6-10259df9" class="home-block home-block-3"><div class="home-block-inner-1"><h2 id="w-node-bcfa5fc9-d31f-7cdd-6d33-7d7797680db8-10259df9" class="h2-home">Two Purpose-Built Organizations that are Highly Complementary</h2><ul role="list" class="home-list"><li class="home-list-item">Unwavering focus on and commitment to safety</li><li class="home-list-item">Best-in-class technologies and manufacturing capabilities</li><li class="home-list-item">Values-based leadership teams</li></ul></div><a href="/transaction-benefits-for-non-represented-employees" class="learn-more-block w-inline-block"><div class="home-link">Learn More</div><div class="icon-embed-xxsmall w-embed"><svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" aria-hidden="true" role="img" class="iconify iconify--ic" width="100%" height="100%" preserveAspectRatio="xMidYMid meet" viewBox="0 0 24 24"><path fill="currentColor" d="M5 13h11.17l-4.88 4.88c-.39.39-.39 1.03 0 1.42c.39.39 1.02.39 1.41 0l6.59-6.59a.996.996 0 0 0 0-1.41l-6.58-6.6a.996.996 0 1 0-1.41 1.41L16.17 11H5c-.55 0-1 .45-1 1s.45 1 1 1"></path></svg></div></a></div></div><div class="spacer spacer-xl"></div><div class="wsj-block"><h2 class="h2-wsj">Mike Pompeo, former secretary of state wrote why the Nippon Steel deal is good for America in <em>The Wall Street Journal</em></h2><a href="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/66b3d70781ffa97b66a005d8_WSJ%20Op-Ed%20Nippon%20Steel%20Deal%20Is%20Good%20for%20America.pdf" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">read His Op-Ed here</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/659d686347b39872856a14c5_icon-download.svg" loading="lazy" alt="" class="icon-download"/></a></div><div class="spacer"></div><div class="wsj-block"><h2 class="h2-wsj">Eiji Hashimoto, President, NSC and Takahiro Mori, Executive Vice President, NSC wrote about their plans to grow <span class="display-inline-block">U. S. Steel</span> in <em>The Wall Street Journal</em></h2><a href="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/65b17c066299c471b843e766_WSJ%20-%20Our%20Plan%20to%20Grow%20U.%20S.%20Steel.pdf" target="_blank" class="download-pdf-button wsj-button w-inline-block"><div class="download-pdf-copy">read their Op-Ed here</div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/659d686347b39872856a14c5_icon-download.svg" loading="lazy" alt="" class="icon-download"/></a></div><div class="spacer"></div><div class="w-layout-grid grid-2-col home-grid-2-col"><div><div style="padding-top:56.27659574468085%" class="home-video w-video w-embed"><iframe class="embedly-embed" src="//cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fplayer.vimeo.com%2Fvideo%2F982051187%3Fh%3D6bd2432978%26app_id%3D122963&dntp=1&display_name=Vimeo&url=https%3A%2F%2Fvimeo.com%2F982051187%2F6bd2432978&image=https%3A%2F%2Fi.vimeocdn.com%2Fvideo%2F1897406266-2c6311bcc554e69956e754113c69d1c45c1eb7e19588477c0f98b15a0fced923-d_1280&key=96f1f04c5f4143bcb0f2e68c87d65feb&type=text%2Fhtml&schema=vimeo" width="940" height="529" scrolling="no" allowfullscreen title="The Steel City"></iframe></div><h2 class="home-video-h2">The Steel City</h2></div><div id="w-node-_2129ef0b-fc42-d3d3-c6ab-a397c8e73da3-10259df9"><div style="padding-top:56.27659574468085%" class="home-video w-video w-embed"><iframe class="embedly-embed" src="//cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fplayer.vimeo.com%2Fvideo%2F982053415%3Fh%3D9180c11dd8%26app_id%3D122963&dntp=1&display_name=Vimeo&url=https%3A%2F%2Fvimeo.com%2F982053415%2F9180c11dd8&image=http%3A%2F%2Fi.vimeocdn.com%2Fvideo%2F1897407941-c064d81e914001b3cb735b37db469866cab38f591d7b3515588c72b282b9f4a4-d_1280&key=96f1f04c5f4143bcb0f2e68c87d65feb&type=text%2Fhtml&schema=vimeo" width="940" height="529" scrolling="no" allowfullscreen title="Standard Steel's Comeback"></iframe></div><h2 class="home-video-h2">Standard Steel’s Comeback</h2></div></div></div></section><section class="section background-blue"><div class="w-layout-blockcontainer container w-container"><section class="section_gallery22"><div class="gradient-overlay-blue"></div><div class="padding-global"><div class="container-large"><div class="padding-section-large"><div class="margin-bottom margin-xxlarge"><div class="max-width-large"><div class="margin-bottom margin-small"><h2 class="color-blue">Fast Facts</h2></div></div></div><div class="gallery22_component"><div data-delay="4000" data-animation="slide" class="gallery22_slider w-slider" data-autoplay="false" data-easing="ease" data-hide-arrows="false" data-disable-swipe="false" data-autoplay-limit="0" data-nav-spacing="3" data-duration="500" data-infinite="false" id="gallery13_slider"><div class="gallery22_mask w-slider-mask"><div class="gallery22_slide w-slide"><a href="#" class="gallery22_lightbox-link w-inline-block w-lightbox"><div class="gallery22_image-wrapper"><div class="fast-facts-headline">Following the close of the transaction, U. S. Steel will retain its iconic name and headquarters in <span class="color-white">Pittsburgh, PA</span>, which support <span class="color-white">1,000 roles</span> across corporate, research, commercial, information technology, finance, human resources, legal and communications functions</div></div><script type="application/json" class="w-json">{ "items": [], "group": "" }</script></a></div><div class="gallery22_slide w-slide"><a href="#" class="gallery22_lightbox-link w-inline-block w-lightbox"><div class="gallery22_image-wrapper"><div class="fast-facts-headline">U. S. Steel will continue to <span class="color-white">support and remain a productive member</span> of its communities</div></div><script type="application/json" class="w-json">{ "items": [], "group": "" }</script></a></div><div class="gallery22_slide w-slide"><a href="#" class="gallery22_lightbox-link w-inline-block w-lightbox"><div class="gallery22_image-wrapper"><div class="fast-facts-headline">NSC is committed to honoring the <span class="color-white">Basic Labor Agreement</span> (BLA) between <span class="display-inline-block">U. S. Steel</span> and the USW and recognizes the USW as the bargaining representative for represented employees</div></div><script type="application/json" class="w-json">{ "items": [], "group": "" }</script></a></div><div class="gallery22_slide w-slide"><a href="#" class="gallery22_lightbox-link w-inline-block w-lightbox"><div class="gallery22_image-wrapper"></div><div class="fast-facts-headline">NSC will contribute new capital and technological advances to <span class="us-name">U. S. Steel</span> that will <span class="color-white">support job growth and create new opportunities for U. S. Steel’s workforce</span></div><script type="application/json" class="w-json">{ "items": [], "group": "" }</script></a></div><div class="gallery22_slide w-slide"><a href="#" class="gallery22_lightbox-link w-inline-block w-lightbox"><div class="gallery22_image-wrapper"><div class="fast-facts-headline">Strengthens U. S. Steel’s Mined, Melted and <span class="color-white">made in America</span> portfolio of products</div></div><script type="application/json" class="w-json">{ "items": [], "group": "" }</script></a></div><div class="gallery22_slide w-slide"><a href="#" class="gallery22_lightbox-link w-inline-block w-lightbox"><div class="gallery22_image-wrapper"><div class="fast-facts-headline"><span>The transaction promotes a competitive and diversified domestic steel industry, while </span><span class="color-white">strengthening U. S. Steel’s global presence</span><span> </span></div></div><script type="application/json" class="w-json">{ "items": [], "group": "" }</script></a></div><div class="gallery22_slide w-slide"><a href="#" class="gallery22_lightbox-link w-inline-block w-lightbox"><div class="gallery22_image-wrapper"><div class="fast-facts-headline"><span>The parties share a commitment to decarbonize by 2050 for a more </span><span class="color-white">sustainable</span><span> world for all</span></div></div><script type="application/json" class="w-json">{ "items": [], "group": "" }</script></a></div><div class="gallery22_slide w-slide"><a href="#" class="gallery22_lightbox-link w-inline-block w-lightbox"><div class="gallery22_image-wrapper"><div class="fast-facts-headline"><span>The transaction is expected to close in the second half of </span><span class="color-white">2024</span></div></div><script type="application/json" class="w-json">{ "items": [], "group": "" }</script></a></div></div><div class="gallery22_arrow is-left w-slider-arrow-left"><div class="gallery22_arrow-icon w-embed"><svg width="100%" height="100%" viewBox="0 0 16 16" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M3.31066 8.75001L9.03033 14.4697L7.96967 15.5303L0.439339 8.00001L7.96967 0.469676L9.03033 1.53034L3.31066 7.25001L15.5 7.25L15.5 8.75L3.31066 8.75001Z" fill="currentColor"/> </svg></div></div><div class="gallery22_arrow w-slider-arrow-right"><div class="gallery22_arrow-icon w-embed"><svg width="100%" height="100%" viewBox="0 0 16 16" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M12.6893 7.25L6.96967 1.53033L8.03033 0.469666L15.5607 8L8.03033 15.5303L6.96967 14.4697L12.6893 8.75H0.5V7.25H12.6893Z" fill="currentColor"/> </svg></div></div><div class="gallery22_slide-nav w-slider-nav w-slider-nav-invert w-round"></div></div></div></div></div></div></section></div></section><section class="section background-dark"><div class="w-layout-blockcontainer container w-container"><h2 class="color-white">Best For...</h2><div class="w-layout-grid best-for-grid"><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d526e-10259df9" class="best-for-card"><div class="best-for-card-inner"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657f187f4d930f80c729b5c0_icon-best-3.png" loading="lazy" alt="" class="best-for-icon"/><h3 class="best-for-h3">Customers</h3></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d5273-10259df9" class="best-for-card-inner"><p id="w-node-deddb278-ad34-0061-eab6-9cc0c07d5274-10259df9" class="best-for-paragraph">Strengthens companies’ ability to address growing demand for high-grade steel in the U.S. and globally</p></div></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d5276-10259df9" class="best-for-card"><div class="best-for-card-inner"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657f188e1efcac0bf1628776_icon-best-5.png" loading="lazy" alt="" class="best-for-icon"/><h3 class="best-for-h3">Innovation</h3></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d527b-10259df9" class="best-for-card-inner"><p id="w-node-deddb278-ad34-0061-eab6-9cc0c07d527c-10259df9" class="best-for-paragraph">Combines world-leading technologies and manufacturing capabilities to be at the forefront of innovation and digital transformation in steelmaking</p></div></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d527e-10259df9" class="best-for-card"><div class="best-for-card-inner"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657e1b263b5153896e132cff_icon-global.png" loading="lazy" alt="" class="best-for-icon"/><h3 class="best-for-h3">U. S. Steel Employees</h3></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d5283-10259df9" class="best-for-card-inner"><p id="w-node-deddb278-ad34-0061-eab6-9cc0c07d5284-10259df9" class="best-for-paragraph">Honoring all collective bargaining agreements and recognizing the United Steelworkers as the bargaining representative for USW-represented employees</p></div></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d5286-10259df9" class="best-for-card"><div class="best-for-card-inner"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657f1887728c9a6088f40fbf_icon-best-4.png" loading="lazy" alt="" class="best-for-icon"/><h3 class="best-for-h3">NSC Shareholders</h3></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d528b-10259df9" class="best-for-card-inner"><p id="w-node-deddb278-ad34-0061-eab6-9cc0c07d528c-10259df9" class="best-for-paragraph">Positions NSC to deliver higher growth, enhanced profitability and long-term value</p></div></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d528e-10259df9" class="best-for-card"><div class="best-for-card-inner"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657f1887728c9a6088f40fbf_icon-best-4.png" loading="lazy" alt="" class="best-for-icon"/><h3 class="best-for-h3">U. S. Steel Shareholders</h3></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d5293-10259df9" class="best-for-card-inner"><p id="w-node-deddb278-ad34-0061-eab6-9cc0c07d5294-10259df9" class="best-for-paragraph">Provides certain and immediate value to <span class="us-name">U. S. Steel</span> shareholders in all-cash transaction representing 40% premium</p></div></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d5299-10259df9" class="best-for-card"><div class="best-for-card-inner"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657f1874e4e11e1e96413d01_icon-best-2.png" loading="lazy" alt="" class="best-for-icon"/><h3 class="best-for-h3">Tradition</h3></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d529e-10259df9" class="best-for-card-inner"><p id="w-node-deddb278-ad34-0061-eab6-9cc0c07d529f-10259df9" class="best-for-paragraph">Maintains iconic <span class="us-name">U. S. Steel</span> name, brand and HQ in Pittsburgh, PA</p></div></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d52a4-10259df9" class="best-for-card"><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d52a5-10259df9" class="best-for-card-inner"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657f18e44dc20684f1f28de5_icon-best-7.png" loading="lazy" alt="" class="best-for-icon"/><h3 class="best-for-h3">Planet</h3></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d52a9-10259df9" class="best-for-card-inner"><p id="w-node-deddb278-ad34-0061-eab6-9cc0c07d52aa-10259df9" class="best-for-paragraph">Drives the global steel industry towards decarbonization and a sustainable world</p></div></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d52ac-10259df9" class="best-for-card"><div class="best-for-card-inner"><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657fa0efb452e23ec91ce662_icon-best-8.png" loading="lazy" alt="" class="best-for-icon"/><h3 class="best-for-h3">Certainty</h3></div><div id="w-node-deddb278-ad34-0061-eab6-9cc0c07d52b1-10259df9" class="best-for-card-inner"><p id="w-node-deddb278-ad34-0061-eab6-9cc0c07d52b2-10259df9" class="best-for-paragraph">Clear path to completion in the second half of 2024</p></div></div></div></div></section><section class="footer"><div id="footer-container" class="w-layout-blockcontainer container footer-container w-container"><div class="w-layout-grid footer-grid"><div><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657fdfe6d5cab0208a753f66_logo-nsc-footer.png" loading="lazy" alt="Nippon Steel Corporation" class="logo-footer logo-footer-nsc"/><img src="https://cdn.prod.website-files.com/657c753df917ef83a31f840c/657ffdeec66068313519c862_logo-uss-footer.png" loading="lazy" alt="US Steel Corporation" class="logo-footer logo-footer-uss"/></div><div class="form-block"><h3>Sign Up For Updates</h3><div class="w-form"><form id="email-form" name="email-form" data-name="Email Form" method="get" data-wf-page-id="65f9b85c81ffb21010259df9" data-wf-element-id="7ac2ec96-efb1-4e3f-d42d-e0e5f3879865"><label for="name" class="field-label">Name</label><input class="text-field w-input" maxlength="256" name="name" data-name="Name" placeholder="" type="text" id="name"/><label for="email" class="field-label">Email Address</label><input class="text-field w-input" maxlength="256" name="email" data-name="Email" placeholder="" type="email" id="email" required=""/><input type="submit" data-wait="Please wait..." class="submit-button w-button" value="Submit"/></form><div class="success-message w-form-done"><div>Thank you! 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