US President Donald Trump has announced a "planned partnership" between US Steel and Japan's Nippon Steel, signaling possible approval for the Japanese company's acquisition of the iconic American steelmaker.

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

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,

Discussions with the U.S. government about Nippon Steel's planned purchase of U.S. Steel are in their "final stage," Nippon Steel President Tadashi Imai said at a press conference on Friday. "We are awaiting the final decision of President Trump,