Japan's Nippon Steel announced its plan to acquire U.S. Steel for US$14.1 billion last December; however, the acquisition plan has triggered external concerns.

Regarding this, Nippon Steel reiterated its commitment that Pittsburgh-based U.S. Steel will remain an American company. Once the acquisition is completed, a majority of U.S. Steel's Board of Directors will be composed of US citizens. U.S. Steel’s Board of Directors will include three independent directors who are US citizens, and the core senior management members will be US citizens.

Nippon Steel still believed that the transaction would enhance US national security by strengthening U.S. Steel and its domestic production capabilities, bringing cutting-edge technologies to the US, and ultimately making the US industrial base and supply chains more resilient and better able to handle future pressure from state-backed Chinese competitors.