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Nippon Steel-US Steel ‘partnership’ includes government control, senator says

By Wesley Brown ( May 27, 2025, 22:32 GMT | Insight) -- The "partnership" between Nippon Steel and US Steel will include control by the United States government, US Senator David McCormick (R-PA) said in an interview on CNBC. “It'll be a US CEO, a US majority board. And then there'll be a golden share, which will essentially require US government approval of a number of the board members, and that will allow the United States to ensure production levels aren't cut,” Sen. McCormick said. The "partnership" between Nippon Steel and US Steel will include control by the United States government, US Senator David McCormick (R-PA) said in an interview on CNBC....

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