President Donald Trump revealed that the Japanese-owned company will back away from its $14.9 billion to acquire U.S. Steel, but rather invest money into the iconic Pittsburgh-based company.

President Trump is considering allowing Japan's Nippon Steel to complete its $14.1 billion acquisition of U.S. Steel, ...

President Trump supports the Japanese company’s taking a stake in the American steel maker after the U.S. blocked a $14 ...

President Donald Trump has said Japan's Nippon Steel will drop its $14.9bn (£12bn) bid to acquire US Steel. Speaking ...

President Trump said Japanese-based Nippon Steel will look to invest in U.S. Steel, rather than outright owning the iconic ...

MoS for Steel and Heavy Industries Bhupathiraju Srinivasa Varma said that steel is deregulated sector and decisions such as investment, production are based on techno-commercial considerations ...

Steelmaker ArcelorMittal is planning to construct an advanced steel manufacturing facility in Calvert, Alabama to meet the ...

Jindal Steel shares surged 3.97 per cent to Rs 841.75. Tata Steel advanced 3.32 per cent to Rs 136.95. JSW Steel and Vedanta ...

Speaking alongside Japanese Prime Minister Shigeru Ishiba, President Donald Trump announced that Japan's Nippon Steel will invest in U.S. Steel, rather than buy the Pittsburgh-based company outright.

It was unclear if the investment referred to a new deal structure and what the details of the transaction would be.

The Nifty Metal index was over 2 percent higher to 8,551.55, as seen at 11.18 am, after the rise in the stock prices.