Steel rolls are seen in front of the US President who speaks during the United States’ steel gathering – Irvin is working on the Pittsburgh suburb of West Miflin, Pennsylvania, on May 30, 2025.
Saul Loop AFP | Gety pictures
US Steel shares stopped trading on the New York Stock Exchange on Wednesday after the Japanese Nippon Steel completed its acquisition of the iconic American industrial name.
President Donald Trump insisted over weeks that companies form a “partnership” in which the United States of America remains owned by the United States.
But the New York Stock Exchange informed the Securities and Stock Exchange Committee on Wednesday that the shares of the United States will be removed from the insertion, after the company became a subsidiary fully owned by Nippon Steel North America.
The US Steel shares stopped trading at 8:30 am on Wednesday, after Nippon completed its acquisition, according to NYSE notice.
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