WASHINGTON — President Trump announced Friday that Japan-based Nippon Steel will be allowed to invest in US Steel, ending a years-long drama over the fate of a company once synonymous with American economic power.

A national security panel was divided in its recommendation to President Donald Trump on Nippon Steel 's bid for U.S. Steel but most panel members believe any security risks posed by the deal can be addressed,

U.S. Steel will remain an American company, President Trump announced on Friday, saying the firm had agreed to a partnership with Japanese firm Nippon Steel, which had previously sought to purchase the beleaguered industrial giant.

A group of coaster enthusiasts got some preview rides on Thursday as the first of the Steel Curtain's cars climbed the track, launching riders at speeds faster than Fast Willie Pa

India's JSW Steel , the country's top steelmaker by market cap, reported a smaller-than-expected rise in fourth-quarter profit on Friday, hurt by weak steel prices.

Japan’s Nippon Steel has pitched a new American plant and billions of additional investments to clinch support for a deal.

Nippon Steel’s $14.1 billion bid for United States Steel Corp. is more important than ever as tariffs and rising Chinese exports reshape the global market for the metal, according to a top executive at the Japanese firm.

United States Steel has high debt and returns almost no value to investors through dividends, making a long-term investment unprofitable. See why X stock is a Sell.