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Rolls of alloy are seen earlier the US president speaks during a rally astatine US Steel - Irvin Works successful the Pittsburgh suburb of West Mifflin, Pennsylvania, connected May 30, 2025.
Saul Loeb | AFP | Getty Images
U.S. Steel shares stopped trading connected the New York Stock Exchange connected Wednesday aft Japan's Nippon Steel completed its acquisition of the iconic American concern name.
President Donald Trump has insisted for weeks that the companies would signifier a "partnership" successful which U.S. Steel would stay American owned.
But the New York Stock Exchange notified the Securities and Exchange Commission connected Wednesday that U.S. Steel's shares would beryllium removed from listing, aft the institution became a wholly owned subsidiary of Nippon Steel North America.
U.S. Steel shares stopped trading astatine 8:30 a.m. ET connected Wednesday aft Nippon completed its acquisition, according to a announcement from the NYSE.
Nippon's bid to get U.S. Steel was politically controversial, arsenic Democrats and Republicans person taken an progressively protectionist bent successful caller years.
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