President Donald Trump appeared to approve a long-pending deal between U.S. Steel and its Japanese rival Nippon Steel on Friday, posting on his Truth Social account that there will be a “planned partnership” between the companies.

A national security panel was divided in its recommendation to President Donald Trump on Nippon Steel 's bid for U.S. Steel but most panel members believe any security risks posed by the deal can be addressed,

President Trump announced a partnership between US Steel and Nippon Steel, aiming to keep the company in America and its headquarters in Pittsburgh. W

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

Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF) remains committed to acquiring a full stake in US Steel (NYSE:X), Vice Chairman Takahiro Mori told Reuters on Tuesday, adding that the company is seeking a meeting with U.