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

U.S. President Donald Trump on Friday expressed support for Nippon Steel's $14.9 billion bid for U.S. Steel, saying their "planned partnership" would create jobs and help the American economy. Shares of U.

President Trump endorsed a plan that would link the U.S. and Japanese steel makers that had been blocked on national security grounds.