CFIUS submits recommendation to Trump on Nippon Steel-US Steel tie-up, source says

Reuters

2025/05/22

May 21 (Reuters) - A powerful U.S. national security panel known as CFIUS on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel's fraught $14.9 billion bid for U.S. Steel, a person familiar with the matter said.

The submission complies with an executive order signed by Trump that gives the President until June 5 to decide whether to approve or scuttle the merger. Reuters could not learn the content of CFIUS's recommendation.

The companies did not immediately respond to requests for comment.

(Reporting by Alexandra Alper; editing by Costas Pitas)

((Costas.Pitas@thomsonreuters.com; Reuters Messaging: @Cpitas on X))

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