President Donald Trump says U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “partnership” between the American steelmaker and Japan-based Nippon Steel, which sought to buy it.

A planned merger of the Japanese and American giants, announced in 2023, has traveled through an election, two presidents and strong union opposition.

Japan's top steelmaker has since December 2023 sought to seal a $14.9-billion bid to acquire U.S. Steel. But both President Donald Trump and former President Joe Biden expressed opposition to the tie-up, arguing U.S. Steel should remain American-owned as they sought to woo voters in Pennsylvania ahead of the November presidential election.

U.S. Sen. David McCormick says an arrangement for Japan-based Nippon Steel to invest in U.S. Steel will guarantee an American CEO, a majority of U.S. board members and U.S. government approval over certain corporate functions.

Nippon Steel has yet to say anything about whether it is willing to accept the concept in place of its bid to buy the company.

President Donald Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “planned partnership” that seemed to signal that he’ll approve

HARRISBURG, Pa. (AP) — President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep the iconic American steelmaker under U.S.-control.