"President Trump has secured a perpetual Golden Share as part of Nippon Steel's acquisition of US Steel," US Secretary of Commerce Howard Lutnick wrote in a social media post on X

Nippon Steel completes its purchase of U.S. Steel after more than a year and half of high-stakes negotiations and national security concerns.

Nippon Steel Corp. closed its $14.1 billion acquisition of United States Steel Corp., bringing an end to a bruising takeover battle that was embroiled in American politics for months until finally gaining support from U.S. President Donald Trump.